Insider spotlight:
Speaking at the firm’s annual stockholders meeting, chief operating officer Ronnie Aperocho detailed the company’s forward-looking initiatives, anchored on operational efficiency, digital integration, renewable energy, and national electrification.
“We are not just adapting to our customers’ requirements. We are anticipating what they would need well into the future,” he said.
In 2024, Meralco posted a record core net income of P45.1 billion, driven by a 6.4-percent increase in energy sales to 54,325 gigawatt hours. Energization reached 8 million customers, with about 250,000 new accounts added. A total of P24 billion was invested to strengthen the distribution network.
Among its key plans, Meralco will begin a large-scale rollout of smart meters under its Advanced Metering Infrastructure program. The goal is to install 11 million smart meters over the next decade.
The company is also preparing its grid to accommodate distributed energy resources, such as rooftop solar, by enabling two-way electricity flows, allowing households and businesses to supply excess energy back to the grid.
To support the rise of electric vehicles (EVs), Meralco aims to convert 25 percent of its fleet to electric by 2030. It is also preparing its distribution system to support commercial and residential EV charging infrastructure.
Aperocho also confirmed that Meralco had begun preparatory work on integrating nuclear power through its Nuclear Energy Strategic Transition program. Under “Vision 2030,” five Filipino scholars were sent abroad to study nuclear engineering.
Meanwhile, Meralco subsidiaries are expanding their energy solutions footprint:
“Our commitment to nation-building goes far beyond delivering electricity,” Aperocho said.
