MPower, the local retail electricity supplier of the Manila Electric Co. (Meralco), sealed an agreement with First Cavite Industrial Estate Association Inc. (FCIE) for the energization of its facilities and enrollment under the Retail Aggregation Program (RAP).
RAP, a key initiative of the Energy Regulatory Commission (ERC) under the Customer Choice Program, allows end-users within the same franchise area to combine their electricity demand and qualify as a single contestable customer-enabling them to participate more competitively in the retail electricity market, gaining access to better pricing and flexible energy supply options.
This move positions FCIE, a 150-hectare industrial park in Cavite, as one of the first mixed-use developments in the Philippines to join RAP, consolidating its multiple accounts into a single aggregated portfolio for optimized power sourcing and cost efficiency.
‘FCIE’s participation in the RAP sets a new benchmark for energy collaboration in the Philippines. By consolidating demand and adopting more efficient power solutions, this partnership advances sustainable progress,’ said MPower Head Redel Domingo.
Last August, MPower announced that The Peninsula Manila in Makati City will source renewable energy (RE) from the company.
This development makes The Peninsula Manila the second property in Southeast Asia, and the fourth globally, within the hospitality giant’s portfolio to transition to RE.