Meralco forecasts up to 6% power sales growth

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Power distributor Manila Electric Co. projects sales growth of 5 percent to 6 percent for 2024, buoyed by higher temperatures that fueled increased demand, an executive said.

Meralco also anticipates robust sales growth of 6 percent to 8 percent in the second quarter, reflecting the surge in power demand due to soaring temperatures. He said the growth might be tempered in the third quarter due to the expected La Niña weather phenomenon. Meralco’s consolidated distribution utility energy sales volume in the first quarter rose to 12,307 gigawatt-hours from 11,287 GWh. Volumes from Meralco and Clark Electric Distribution Corp. increased by 9 percent and 7 percent, respectively.

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MlaStandard /  🏆 20. in PH

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