ACEN signs first RAP deal with Philippine Cultural College
ERC data showed that average retail market prices in 2024 stood at P5.77 per kilowatt-hour, with the lowest price recorded at P3.50 per kilowatt-hour.
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ERC data showed that average retail market prices in 2024 stood at P5.77 per kilowatt-hour, with the lowest price recorded at P3.50 per kilowatt-hour.
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ACEN RES, the retail electricity unit of the Ayala group, has signed up five facilities across all three campuses of the Philippine Cultural College (PCC) under the Retail Aggregation Program (RAP).
In a stock exchange report on Wednesday, ACEN said PCC stands as its maiden customer to participate in the government initiative.
“This partnership with Philippine Cultural College demonstrates ACEN RES’s commitment to making renewable energy accessible to more businesses and institutions across the country,” Tony Valdez, SVP for market transformation at ACEN, said.
“Through programs like the RAP, we’re empowering customers with the power of choice and giving them greater control over their electricity usage. We fully support the government’s initiatives to promote competition and provide more options for electricity consumers.”
The RAP, implemented under the Electric Power Industry Reform Act of 2001 (EPIRA), allows multiple end-users with consumption below 500 kilowatts to aggregate their demand and contract with a preferred power supplier. Notably, PCC’s facilities have nearly 1 megawatt of total power demand.
The school operates across three campuses: Manila, Quezon City, and Caloocan. The Caloocan campus has three buildings, while the Manila and Quezon City campuses each feature one building.
For PCC director of the Board of Trustees Willie H. Go, the partnership supports the school’s sustainability efforts.
“By utilizing renewable energy through the RAP, we're not only reducing our carbon footprint but also ensuring a more sustainable future for our students. This initiative allows us to optimize our electricity costs, freeing up resources that can be further invested in providing quality education,” Go said.
Earlier this month, the Energy Regulatory Commission (ERC) announced that Razon-led Manila Water Company, Inc. became the first entity to transition under the expanded RAP after it shifted ten of its facilities with a combined demand of 500 kilowatts to the contestable market.
ERC data showed that average retail market prices in 2024 stood at P5.77 per kilowatt-hour, with the lowest price recorded at P3.50 per kilowatt-hour.
