Aboitiz Equity Ventures Inc. (AEV) has consolidated its position as the market leader in the Philippine power generation sector, ahead of four industry rivals through its extensive portfolio of generation companies.

The Cebu-based conglomerate, operating through its core energy unit Aboitiz Power Corp., has sustained its frontrunner position in the three main island groups of Luzon, Visayas, and Mindanao.

Latest data released by the Energy Regulatory Commission (ERC) revealed that AboitizPower accounts for 24.3 percent of the country’s overall installed power capacity. This is equivalent to an aggregate fleet of approximately 6.8 gigawatts (GW), with the vast majority of its assets operating on the main northern island of Luzon.

The company’s generation capacity in Luzon currently stands at roughly 5.6 GW, while its operational projects in the Visayas total about 591 megawatts (MW). In Mindanao, AboitizPower units generate a slightly larger capacity of 637.93 MW, according to official regulatory logs.

AboitizPower manages a nationwide footprint consisting of 51 power generation facilities. Beyond generation, the group operates nine distribution utilities in the country.

The retail and distribution network includes Visayan Electric Co., the second-largest distribution utility in the Philippines, alongside Davao Light & Power Co. and Cotabato Light & Power Co.

As part of its ongoing fleet transition, the group holds approximately 1,187 MW of renewable attributable net sellable capacity, positioning it as a significant developer of clean energy under local regulatory frameworks.

San Miguel Corp. (SMC) ranked as the country’s second-largest power generator behind Aboitiz. The diversified conglomerate commands a 19.62 percent market share, equivalent to approximately 5.5 GW of national installed capacity. Similar to the market leader, the bulk of San Miguel’s generation portfolio remains heavily concentrated in Luzon.

The remainder of the domestic market is fragmented among other prominent holding firms. First Gen Corp., the power arm of the Lopez family, holds a 10.74 percent market share, with its generation assets predominantly situated in the Visayas and Luzon.

Ayala Corp.’s energy subsidiary, ACEN Corp., retains a 6.91 percent overall market share, backed by a strong generation presence across both the Luzon and Visayas grids.

Meanwhile, Manila Electric Co. (Meralco), the country’s largest electricity distributor, controls a 6.7 percent share of the generation market, with the majority of its proprietary power generation assets in the Visayas.