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Tag: electricity sales

Escudero explains VAT exemption proposal for electricity sales

Senator Francis Escudero on Thursday clarified that his proposal to exempt electricity sales from the 12% value-added tax (VAT) is a targeted intervention distinct from...

CREC income jumped 28% in 9 months, CREIT revenues stable

Citicore Renewable Energy Corp. (CREC) disclosed a 28 percent increase in its net income for the first nine months of the year to P965.64...

Meralco forecasts flat sales electricity growth in 2025, expects recovery in 2026

Power retailer Manila Electric Co. expects a flat growth in electricity sales volume for the full year 2025 as sales continued to be sluggish...

CREC net income rose 8% on higher electricity sales in Q1

Citicore Renewable Energy Corporation (CREC) has reported an 8 percent increase in net income to P230 million for the first quarter of 2025 from...

Meralco eyes 4.5% growth in electricity sales amid robust economy

Power retailer Manila Electric Co. (Meralco) is looking at a 4.5-percent sales volume growth in 2024, the same rate as in 2023, amid the...

Meralco’s power sales climbed 6% in Q1

Electricity sales of Manila Electric Co., the biggest power retailer, rose nearly 6 percent in the first quarter from a year ago as the...

Meralco says sales in April rose 3% after lax ECQ rules

Manila Electric Co., the biggest retailer of electricity, posted a three-percent increase in sales in April, reflecting a recovery from demand year-on-year. Meralco attributed the...

Sales of electricity co-ops improve 3%

Electric cooperatives in the country recorded a three-percent increase in electricity sales during the third quarter year-on-year as some economic activities resumed, the National...

Meralco’s electricity sales decreased 7% in first half

Power retailer Manila Electric Co. said Monday consolidated core net income dropped 14 percent in the first half to P10.6 billion from P12.3 billion...

Meralco’s 2019 power sales rose over 5%

Power retailer Manila Electric Co. said electricity sales in 2019 grew faster than the previous year’s 5.3-percent expansion. “Energy sales in 2019 was better than...

Meralco nets P19.2b as electricity sales rise

Power retailer Manila Electric Co. said Monday net income rose slightly last year to P19.2 billion from P19.1 billion in 2015, as energy sales...
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