Meralco Lowers Energy Sales Forecast

Power giant Manila Electric Co. (Meralco) has trimmed its growth forecast for full-year 2025 energy sales amid cooler weather conditions and persistent market challenges.

- By Brix Lelis

Following flattish results in the first half, Meralco chief revenue officer Ferdinand Geluz said the 2025 power sales forecast was revised to one to two percent from four to 4.5 percent previously.

"The downgrade in our energy sales forecast stems mainly from industry, weather, and macroeconomic factors," Geluz said.

In the first half, Meralco's electricity sales marginally grew to 27,091 gigawatt-hours from the same period last year's 26,954 GWh, which was fueled by the El Niño phenomenon.