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DMCI Homes is the Philippines’ first Quadruple A real estate developer, known for building quality resort-inspired communities in Mega Manila, Baguio, Boracay and Davao City.
Photo courtesy of DMCI
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Consunji-led DMCI Homes has become the first real estate firm to adopt the government’s Retail Aggregation Program (RAP) after it consolidated the power demand of its Taguig and Mandaluyong properties through a pilot partnership with Manila Electric Co.’s MPower.
The agreement pools the electricity usage across the common areas of DMCI’s Rosewood Pointe in Taguig and Tivoli Garden Residences in Mandaluyong.
Other DMCI properties, including La Verti Residences, Sheridan Towers, One Castilla Place, Flair Towers, Zinnia Towers, and Tivoli Garden Residences, have already switched to the Competitive Retail Electricity Market (CREM) and now enjoy MPower’s competitive rates.
“Our company and residents at DMCI Homes are glad to be connected with MPower as our retail electricity supplier," DMCI Homes Property Management Corp. vice president for purchasing, asset management, commercial and residential leasing Arturo Zamora said on Tuesday.
"The savings on electricity bills that the households in our communities can enjoy would surely come a long way while we continue to work on our vision for building eco-friendly living spaces,” he added.
DMCI expects more than 25,000 residents across its Metro Manila developments to benefit from the program.
MPower First Vice President and Head Redel M. Domingo said the company supports DMCI’s growing communities through energy cost optimization and dependable service.
“We remain committed to advancing customer choice across industries while contributing to the country’s journey toward sustainable economic progress,” Domingo said.
Under CREM, customers with at least 500 kilowatts of demand can choose their electricity provider.
RAP expands this option to smaller users, such as residential buildings, by allowing them to aggregate power demand within the same franchise area.