Meralco raises its 2024 energy sales growth forecast to 6% due to strong customer demand.

The Manila Electric Company (Meralco) has increased its projected energy sales growth for 2024 to 6%, up from 4.7%. This rise is driven by strong demand from residential, commercial, and industrial customers. In the first nine months, energy sales grew by 7% to 40,872 GWh. Meralco anticipates ending the year with around 53,350 GWh, surpassing last year's total of 51,044 GWh, and expects net income to exceed P43 billion.

November 03, 2024
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