Signs of recovery in industrial sales–Meralco

Published by rudy Date posted on August 28, 2009

THE Philippines’ biggest electricity distributor said its industrial sales are showing signs of a recovery.

In a press conference Thursday, Jose de Jesus, Manila Electric Co. (Meralco) president, said the utility’s industrial sales, which took a hit from the global economic crisis, have begun improving.

From a dip of 18.70 percent at the start of the year, industrial sales, which constitute less than a third of its revenues, contracted by a slower 5.90 percent in July.

“Every month since January, it’s been improving by about 1.60 percent. And the overall also turned positive for the first time even though it’s very small,” de Jesus said.

In terms of sales volume, Meralco’s industrial account reached 4,111 gigwatt-hours at end-July, or a 5.84-percent decline from 4,366 gigawatt-hours in the same period in 2008.

Overall, Meralco’s sales turned positive, inching up 0.10 percent, or 15,396 gigawatt-hours from a decline of 0.50 percent, or 15,379 gigawatt-hours over the same period.

Meralco serves the electricity needs of 4.63 million customers in Metro Manila and outlying provinces.

Despite enjoying the largest franchise area and customer base in the country, the company’s sales at the start of the year slumped after exporting industrial customers took a hit from the global slowdown.

De Jesus said that around 80 percent of Meralco’s industrial customers belong to the semiconductor manufacturing business, whose main markets are large economies abroad.

The Meralco official said the company projects to achieve a flat growth for the year.

“If indeed the economy will continue to recover, our sales almost correlates with the growth in the economy—so while we are forecasting a flat [growth] we are hoping sales growth will be positive,” he said. –Euan Paulo C. Añonuevo, Reporter, Manila Times

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.