Industry data shows that in 2024 alone, Meralco registered 54,325 GWh in energy sales — significantly higher than the 31,553 GWh collectively distributed by the country’s electric cooperatives.
This immense energy output powered industries, commercial hubs, and millions of households in Metro Manila and surrounding provinces that serve as the economic lifeline of the country.
Last year, Meralco also saw a peak demand of 9,320 MW versus the combined 6,203 MW managed by cooperatives — demonstrating its capacity to support largescale economic activity and infrastructure.
“The challenge now is how we can serve and how we can promote industrialization in the countryside so that the entire economy of the Philippines can be lifted,” Casanova said.
Beyond scale, Meralco’s operational efficiency sets it apart. In 2024, its system average interruption frequency index — the average number of times a customer experiences an outage in a year — was far lower by around 94 percent at 1.04 times compared with the average 16.15 times for electric cooperatives. The average duration of power interruptions in areas serviced by Meralco was also significantly lower by around fifteenfold at 108 minutes or less than two hours, compared with the average 1,706 minutes or around 28 hours for cooperatives during the same year.
“If we can provide reliable and quality power to the countryside, then investments will flock into the country, and we can compete with our neighboring countries. And therefore, from a service economy, we can build a strong foundation for our manufacturing and technology,” Casanova said.
With a collection efficiency of 99.8%, Meralco is also able to maintain good financial health — allowing it to actively invest in strengthening its distribution network. As of 2024, Meralco’s investments in property, plant, and equipment are valued at P194 billion — higher by more than 200-fold compared with the average P903 million of electric cooperatives.
While there are cooperatives with cheaper power rates than Meralco, industry data shows that, on average, the company has a lower rate of P11.44 per kWh in 2024 compared with the average P11.50 per kWh rate of electric cooperatives. And with a franchise extended until 2053, Meralco is wellpositioned to continue powering progress for decades to come.
“As the country’s leading power distribution utility, Meralco is uniquely positioned to help drive inclusive economic growth and development in the countryside by ensuring improved electricity service that meets the evolving needs of communities and industries alike,” Casanova said.