Meralco revises 2025 sales forecast to 1-2% growth

Manila Electric Co. (Meralco) has revised its full-year 2025 energy sales forecast to one to two percent growth due to cooler weather and market challenges.

Ferdinand Geluz, Meralco's chief revenue officer, attributed the downgrade in the forecast mainly to industry, weather, and macroeconomic factors.

For the first half of the year, electricity sales grew marginally by 0.5% to 27,091 gigawatt-hours from 26,954 GWh last year, driven by the El Niño phenomenon in the previous period.

Meralco chairman Manuel V. Pangilinan remains optimistic about reaching P50 billion in earnings by year-end due to the expected profitability of Meralco's power generation business.

The company has also expanded its partnership with CVC Asia through MPower, a Meralco-backed power retailer, to provide Landers Superstore locations with cheaper and flexible energy solutions via CREM and RAP.