Meralco energy sales accelerate in 8 months
Power utility giant Manila Electric Co. saw electricity sales notch higher in the first eight months as sustained energization continued to expand its customer base.
Manila Electric Co., the leading power utility in the Philippines, experienced a surge in electricity sales over the first eight months of the year. According to Charina Padua, the company's head of customer relations and services, energy sales grew by 0.7 percent year-on-year to 35,938 gigawatt-hours (GWh) during this period. The increase was attributed to consistent energization efforts, which helped to offset a slight decline in organic sales as milder weather reduced demand.
Despite a drop in energy sales during the first two quarters of 2026, Meralco anticipates a recovery for the third quarter. As of the end of June, the utility served over 8.3 million customers, with residential connections representing more than half of new connections. The company projects residential connections to expand by an average of 3.72 percent annually from 2026 to 2035.
To accommodate the rising electricity demand across its franchise area, Meralco has initiated an auction for 900 megawatts of baseload capacity.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
