JDC One Acacia Corp., operator of JEG Tower in Cebu City, will source electricity from Vivant Energy subsidiary COREnergy for two years.
The parties recently signed a retail electricity supply (RES) contract, which allows a qualified contestable customer to buy commercial electricity directly from a licensed RES under Retail Competition and Open Access (RCOA) program of the government.
By transitioning to the RCOA framework, JEG Tower contracted 0.6 megawatt of energy capacity, while securing a fixed rate for the next two years and price stability for its commercial office building.
‘Electricity is fundamental to how we operate our building and serve our tenants,’ said Marivic Sembrano, JDC president. ‘By taking a more strategic approach to energy procurement, we’re able to better manage one of our major operating costs while continuing to provide a reliable, comfortable, and productive environment for the businesses that have chosen JEG Tower as their workplace.’
The agreement enables JEG Tower to secure predictable generation costs while gaining access to COREnergy’s customer portal, which provides daily and hourly load profiles, billing history, load factor, and historical generation charges. These insights allow building management to monitor energy consumption more effectively, make informed operational decisions, and identify opportunities to improve efficiency over time.
‘This partnership is particularly meaningful because it brings together organizations that share a longstanding commitment to serving Cebu’s business community,’ said Marko Sarmiento, COREnergy vice president and head of operations.
Through the RCOA framework, property owners are gaining greater flexibility to optimize electricity costs while improving how their buildings operate. JEG Tower’s partnership with COREnergy reflects this growing shift toward viewing energy not simply as a utility expense, but as a strategic investment that enhances building performance, supports tenant satisfaction, and strengthens long-term business competitiveness.
Vivant recently reported that its core profit fell by 19 percent year-on-year to P784 million due to market volatility in the first half.
Non-core losses, including subsidiary downtime, dragged the parent company’s net income down by 21 percent year-on-year to P757 million, despite offsetting foreign exchange gains and insurance payouts.
Consolidated revenues reached P7.6 billion at end-June this year, compared with P5.4 billion in the same period a year ago. Power generation sales, which remained the primary revenue source, jumped 53 percent to P6.3 billion, driven by six subsidiaries.