MPower gains early lead in new smaller-scale retail power market
Burgundy Corporate Tower in Makati City is transitioning to the Competitive Retail Electricity Market by June through its partnership with MPower, the retail electricity supplier (RES) of Manila Electric Company (Meralco). In photo are (L-R) Meralco Vice President and MPower Retail Sales Head Eddie John V. Adug, Meralco Senior Vice President and MPower Head Redel M. Domingo, Burgundy Corporate Tower Building Engineer Jorfel Lozano, and Burgundy Corporate Tower Property Manager Bernardo Ortiz Luis.
The retail electricity arm of Manila Electric Co. (Meralco) has partnered with Burgundy Corporate Tower to become the first customer to enter the Competitive Retail Electricity Market (CREM) following the reduction of the eligibility threshold, formalizing a partnership with MPower, the retail electricity supply arm of Meralco.
The Burgundy Realty Corp. and Burgundy Corporate Towers Office Owners Association, Inc. recently signed power supply agreements with MPower. This development follows the Energy Regulatory Commission’s (ERC) mandate to lower the threshold for contestable customers from 500 kilowatts (kW) to 100 kW, a transition scheduled to take effect this June.
This regulatory adjustment aims to empower more commercial establishments by allowing them to choose their own electricity providers, thereby benefiting from the competitive prices and open access of the retail market.
Located in the heart of Makati City, Burgundy Corporate Tower is a 38-storey strata-owned office condominium. Its early adoption of the new threshold sets a precedent for other commercial developments seeking smarter and more cost-effective energy solutions.
Redel M. Domingo, Meralco Senior Vice President and Head of MPower, noted that the lower contestability threshold is a significant milestone in expanding market access and providing businesses with greater flexibility.
“I’m thrilled that Burgundy Corporate Tower is leading the way as a pioneer, setting a strong example of forward-looking energy management while fully leveraging the benefits of increased market competition,” Domingo said.
“By joining CREM, we can explore cost-saving options without requiring additional funding. Participating in this program and partnering with MPower will deliver meaningful cost savings for the building, making it a strategic and beneficial decision,” said Burgundy Corporate Tower Property Manager Bernard T. Ortiz-Luis.
MPower said that it will continue to focus on providing competitive energy solutions and high-quality service, aimed at helping businesses maximize the advantages brought about by the 100 kW contestability threshold.
To recall, the Energy Regulatory Commission (ERC) approved the lowering of the average monthly peak demand threshold to 100 kW from the current 500 kW minimum requirement. This is set to take effect on June 26, 2026, permitting smaller end-users to participate in the contestable market. (Gabriell Christel Galang)