In a disclosure to the local bourse, Meralco reported a consolidated core net income of P27.1 billion in 2022, higher than the P24.6 billion recorded in the previous year.
The consolidated distribution utility energy sales volumes improved by 6% to 48,916 gigawatt hours , as volumes of Meralco jumped by 6% and Clark Electric Distribution Corp. by 16%. The commercial segment accounted for 36% of the sales mix for the year, up from the 33% recorded in 2021. The residential segment accounted for 35%, while the industrial segment had a 29% share.
“We continued to boost operational efficiency and ended the year with less and shorter service interruptions as well as improvements in system loss, which were achieved through our investments to strengthen our distribution network and through innovations that improve the service we deliver to our 7.6 million customers,” he added.
Source: News Formal (newsformal.com)
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