The Filinvest Group, through its retail electricity supplier, FDC Retail Electricity Sales Corp., has transitioned 11 of its properties to clean energy programs/
The properties, which include office buildings, commercial spaces and co-living spaces, were moved under the retail aggregation program (RAP) and the green energy option program (GEOP).
“Under the RAP, we have onboarded four facilities aggregating over 1,000 kilowatts of demand, enabling them to unlock the benefits of market-based electricity rates,” said FDC RES president Roderick Fernandez in a statement.
Seven facilities with a total contracted demand of 2,000 kW were switched under GEOP. The newly transitioned properties are located in key business districts in Metro Manila, including Westgate, The Tent at Filinvest City and Riverpark in Alabang; Filinvest Shoppes in Makati; One Filinvest in Ortigas; and Studio 7 in Quezon City.
The move, according to the group, underscores its commitment to providing businesses with access to cleaner, more cost-efficient and reliable energy.
“This move strengthens our commitment to sustainability by using renewable energy, reducing our carbon footprint, and advancing our ESG goals, while at the same time lowering electricity costs and meeting the requirements of our tenants who prefer green energy,” said Mitch Dumlao, first vice president and retail business unit head of Filinvest Malls.
The Energy Regulatory Commission (ERC) has been actively promoting both GEOP and RAP to enhance competition, empower consumers and accelerate the country’s transition to renewable energy.
“I congratulate FDC RES for being at the forefront of all these innovations in our power industry,” ERC chairperson Francis Saturnino Juan said.
Both GEOP and RAP are part of the retail competition and open access (RCOA) program established under the Electric Power Industry Reform Act of 2001.
GEOP allows customers with a monthly demand of at least 100 kW to directly source power from renewable energy suppliers. RAP, on the other hand, allows smaller consumers to combine their energy needs to collectively contract power from a licensed supplier.
