ACEN inks first retail aggregation deal
The retail electricity supply business of Ayala-led energy firm ACEN is slowly positioning itself in the contestable power market as it sealed its first supply deal with the country’s oldest Chinese-Filipino school.
In a disclosure on Wednesday, the group said ACEN RES has been tapped to power the five facilities in all three campuses of the Philippine Cultural College (PCC) through the retail aggregation program (RAP).
Under this government initiative, customers can pick their electricity providers as well as shift to clean energy sources. Multiple consumers sharing a common area can also pool their demand to hit the 500-kilowatt threshold.
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The Energy Regulatory Commission earlier said that implementing RAP could promote competition while allowing consumers to manage their power costs.
According to ACEN, the PCC facilities covered by the agreement require almost one megawatt (MW) of electricity demand. The campuses are located in Manila, Quezon City and Caloocan City.
Tony Valdez, senior vice president for market transformation at ACEN, said the group targets to make its clean energy “accessible to more businesses and institutions” nationwide.
“Through programs like the RAP, we’re empowering customers with the power of choice and giving them greater control over their electricity usage,” he added.
Willie Go, director of PCC’s board of trustees, said the deal with ACEN complements existing efforts to lessen the school’s environmental impact.
“This initiative allows us to optimize our electricity costs, freeing up resources that can be further invested in providing quality education,” Go said.
Aside from the Philippines, ACEN is also active in Australia, Vietnam, India, Indonesia, Laos and the United States.
ACEN currently has 6,800 MW of attributable renewable energy capacity spanning operational, under-construction and committed projects.
The group hopes to achieve 100 percent renewable energy generation within the year and increase its capacity to 20,000 MW by 2030. —Lisbet K. Esmael
