Power utility giant Manila Electric Company (Meralco) is anticipating energy sales growth to be inching up to five percent for this year’s second semester compared to the leaner three percent it logged in the last six months.
The second semester rebound in the sales of Meralco is expected to be stimulated by higher demand of the industrial sector
He emphasized that the key growth drivers in the months ahead will be the semiconductor industry, which is anticipated to have its flourishing rebound in the latter part of this year. On commercial sales, the utility firm indicated that this logged sizeable 37-percent share; while residential end-users cornered 35-percent in the pie.
It specified that “the end of the prevailing cold phase caused by La Nina coincided with the start of the warm and dry season in mid-March, causing several areas within the franchise to experience dangerous heat indices,” adding that “this phenomenon caused households to increase their usage of cooling appliances to maintain the level of comfort and avoid heat cramps and exhaustion.”
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