A subsidiary of Razon-led Prime Infrastructure Capital Inc. is joining the league of players that are out to dismantle the incumbency and dominance of franchised power utilities, as it also secured a license to offer supply and service as a retail electricity supplier (RES) in the restructured power sector.

The Razon group primarily cornered approval from the Energy Regulatory Commission (ERC) for its PrimeRES Energy Corporation – and that is a concrete signal that it can already dangle package of services within the retail competition and open access (RCOA) regime of the industry.

“The ERC license allows PrimeRES to enter into retail electricity supply agreements with large electricity end-users which include contestable customers with an average monthly peak demand of 500 kilowatt and is a participant in the RCOA scheme,” the company has emphasized in its statement to the media.

It expounded that its PrimeRES was officially granted a license following its compliance with all 
“technical, financial, and administrative requisites which proves its competence to operate and sell electricity to end-users under the RCOA.”

PrimeRES President and General Manager Daniel Arago noted this added business unit of Prime Infra “can help support the national government’s overall development plan to achieve energy security and resilience, while offering an integrated power solution to contestable customers.

In the RES space, qualified end-users within the prescribed threshold of 500 kW and up – also referred to as contestable customers -- can already take the place at the head of the negotiating table in underwriting power supply contracts that will fit their requirements – not just in terms of volume and price, but even on technology preference.

At this point, more and more RES customers have been opting for supply sourcing leaning on clean energy technologies – primarily renewable energy – to align such energy procurement strategies with their sustainability agendas as well as net zero goals.

As highlighted by Prime Infra President and CEO Guillaume Lucci, “through PrimeRES, we will be able to bring added value to our customers as they choose and negotiate their preferred retail electricity suppliers.”

He added “part of our commitment in delivering socially relevant infrastructure is providing dependable energy that is accessible and affordable to people.”

On supply procurements, PrimeRES indicated that it will be drawing capacities both from affiliate and non-affiliate electric generating assets.

In particular, the group’s Prime Solar facility could yield 128 megawatts across its installations in Tanauan, Batangas and Maragondon, Cavite.

Beyond offers to contestable customers in the RES service domain, PrimeRES will likewise “support the electricity needs of other companies within the Razon Group with businesses in the areas of utilities, ports, construction, hospitality, and consumer services.”