MGEN signs power deals with EvoEnergi

Meralco PowerGen Corp. (MGEN) has entered into two power supply agreements with EvoEnergi Inc., a newly licensed retail electricity supplier, to deliver conventional and renewable energy to contestable customers.

The deals were signed through MGEN’s thermal and renewable arms, MThermal and MGreen, and are expected to supply enough energy to power around 62,000 households. 

“By combining conventional and renewable sources, we are helping meet the evolving needs of the retail electricity market while supporting the country’s transition to a cleaner and more secure energy future,” MGEN President and CEO Emmanuel V. Rubio said on Tuesday. 

The partnership also expands the reach of MGEN’s renewable arm beyond government programs like the Green Energy Option and Renewable Energy Auction Programs, while helping EvoEnergi meet Renewable Portfolio Standards obligations.

EvoEnergi, an affiliate of D&L Industries, Inc., entered the energy market with a strong industrial heritage and a forward-looking approach to sustainability. 

It is also among the first retail electricity suppliers in the Philippines to implement the Retail Aggregation Program, which allows multiple customers to consolidate demand and access competitive electricity supply.

“With our expanding customer base, this partnership provides access to a more diversified and sustainable energy supply. It solidifies our shared commitment to sustainability and forging a better future for the Philippines,” D&L President and CEO Alvin Lao said.