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Power retailer Manila Electric Co. expects a 6-percent sales growth in August, led by the strong performance of all business segments despite the rainy season which brought cooler temperature, an executive said over the weekend.
Geluz said the residential segment is forecast to grow more than 11 percent and commercial to register “north” of 8 percent. The industrial is forecast to post a “modest” 3-percent growth.“Growth still robust, even with rainy season setting in, but not as high as the El Nino weather in the first half,” he said.
Six-month sales volumes got a boost from the second-quarter sales which hit a new record – with monthly volumes breaching the 5,000 GWh-level in May, largely driven by the double-digit growth in residential and commercial segments.
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