MANILA Electric Co. expects its consolidated sales volume to expand by 6.3 percent in 2024, projecting an increase from 51,044 gigawatt-hours in 2023 to a forecasted 54,259 GWh, primarily driven by its residential and commercial verticals.
The Commercial sector has been a standout contributor to the growth, bolstered by the continued expansion of retail, real estate, and hotel and leisure businesses. However, the Industrial sector showed limited growth. Meralco is strengthening its capacity through an infrastructure enhancement program that could amount to as much as P70 billion in the next five years.
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