Manila Electric Co. (Meralco) sees its power sales volume growing by an average of 6 percentin the third quarter of the year, mainly driven by the return of face-to-face classes.
Ferdinand Geluz, Meralco first vice president and chief commercial officer for customer retail services, said in a briefing Friday the growth is well within the company’s expectations, especially since demand for power is still considered as recovering.
“Commercial segment is growing double digits.Technically, it’s just a recovery and we are still below 2019 levels… I think it will sort of continue to recover and one of the drivers why it has surged last August is the resumption of face-to-face classes. Although classes are not yet fully face-to-face, by November, we think that commercial sales can still further grow,” Geluz explained.
Some of Meralco’s top customers in the commercial segment are schools, restaurants, hotels and offices.
Geluz, meanwhile, noted a steady 3 to 4 percent growth in sales volume for the industrial segment compared to last year. Among the top customers in this segment are manufacturers of semiconductors, steel, cement, food, beverages and plastics. –Jed Macapagal
