MANILA, Philippines - Twelve large electricity end-users in Central Luzon are shifting to renewables under the retail competition and open access (RCOA) scheme through the AboitizPower Group within the first half of 2016.
Under the RCOA scheme, end-users that are part of the contestable market, or contestable customers, have the choice to choose their supplier of electricity which is aimed at fostering competition in in the generation and supply sector
Aboitiz Power Corp., through its subsidiary AdventEnergy, welcomed 11 new customers from Central Luzon to provide them with clean and renewable energy in their operations under the RCOA regime.
The 11 companies are Yokohama, HLD Steel Pipes, Amertron, Multi-tek, Kodec Precision, Nidec Subic Philippines, Juken Sangyo Corp., Sanyo Denki, Nicera Philippines, Hitachi Terminals Mechatronics and EZSET Tonglung Metals, AboitizPower executive vice president and generation business group COO Manny Rubio said.
Earlier this year, another AboitizPower subsidiary, Aboitiz Energy Solutions Inc. (AESI) also welcomed Philippine Resins Industries Inc. as its newest customer effective Jan. 26.
“We are greatly honored to be chosen as partners of these successful companies. We are committed to delivering great power and contribute more to the success of our new partners,” Rubio said.
The 11 firms are also the first RCOA customers outside of Metro Manila, not only for the AboitizPower Group but also of the entire energy industry, AboitizPower vice president for energy sales Roland Gaerlan said.
He said AbotiizPower believes in a competitive market and sustainable partnerships. He said that as AboitizPower continues to expand, it would remain committed to be a reliable power supplier and solutions provider.
AboitizPower owns 100 percent equity in AdventEnergy, a licensed Retail Electricity Suppliers (RES) for the company’s renewable energy portfolio, also known as Cleanergy.
AESI, has been a licensed RES since 2009. Its license was renewed on Oct. 29, 2012 for another five years.
AboitizPower is on track to raise its capacity to 4,000 megawatts (MW) by 2020 to keep up with the growing Philippine economy.
To date, AboitizPower and its partners have 3,350 MW total net sellable capacity that supplies to private distribution companies, electric cooperatives and industries, of which around 38 percent is renewables.