MPower switches Aseana City to retail aggregation
Manuel V. Pangilinan-led Manila Electric Co.’s (Meralco) retail electricity arm is expanding its retail aggregation footprint before year-end through a new partnership covering parts of the cities of Makati and Parañaque.
In a statement on Wednesday, Dec. 3, MPower said it has partnered with D.M. Wenceslao & Associates Inc. (DMWAI) subsidiary, Aseana Holdings Inc. (AHI), to switch some of its properties to the retail aggregation program (RAP).
Through RAP, AHI may aggregate multiple facilities, such as commercial spaces and offices in Aseana City, under the same franchise area and procure their electricity source in bulk from its selected retail electricity supplier (RES).
This initiative was introduced by the Energy Regulatory Commission (ERC) earlier this year.
DMWAI President and Chief Executive Officer (CEO) Delfin Angelo Wenceslao shared the company’s long-standing partnership with Meralco in the planning and operations of its developments.
“Today’s milestone continues that strong partnership, and we are confident the Meralco and MPower team will remain by our side as we move into the next phase,” he said.
Redel Domingo, Meralco’s first vice president and head of MPower, added that the milestone would extend their current partnership with DMWAI since they first collaborated in 2019. This RAP switch follows their earlier collaboration, wherein DMWAI switched its properties to the competitive retail electricity market (CREM).
CREM is another program of the ERC in which businesses that have a 500-kilowatt (kW) demand threshold have the freedom to choose their own power provider.
“Each collaboration—whether CREM or the recently signed RAP accounts underscores our commitment to providing reliable energy solutions. We’re grateful for Aseana’s continued confidence in MPower as we work together to support opportunities for growth,” Domingo said.
So far, MPower has a 30-percent share of the competitive RES market within the company’s franchise area.
Last month, it also secured a deal to supply electricity to an industrial park developed by First Cavite Industrial Estate Association Inc. (FCIE).