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Power retailer Manila Electric Co. said its sales volume grew almost 9 percent in the first five months of 2024.“This is the first time consolidated sales have breached 5,000 gigawatt-hours on a monthly basis,” said Meralco senior vice president and chief revenue officer Ferdinand Geluz. He said sales volume grew 10 percent year-on-year in May.
“June is also shaping up positively, but growth may not be as high as the first five months due to the onset of the rainy season and the impact of typhoon Aghon, which hit in late May,” Geluz said. Meralco expects year-end sales growth of 5 percent to 6 percent. The company also anticipates robust second-quarter sales growth of 6 percent to 8 percent.
“The third quarter, toward the second half, is usually the start of El Niño. These weather patterns swing in terms of temperature, but overall, we’re looking at a very good year for sales,” Geluz said. The company attributed the strong quarterly sales volume growth to a confluence of factors, including higher temperatures , the additional day in February due to the leap year and the recovering industrial segment.
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