CVC Asia firms shift to cheaper, greener electricity with MPower

MPower, the retail electricity supply unit of Meralco, is advancing the energy transition of CVC Asia’s Philippine portfolio by enabling their shift to competitive and renewable energy sources through the Competitive Retail Electricity Market (CREM) and the Retail Aggregation Program (RAP).

The agreement involves three major CVC-backed companies—Southeast Asia Retail Inc., operator of Landers Superstore; Professional Services Inc., operator of The Medical City; and FAST Logistics Group.

By shifting to CREM and RAP, these companies will gain access to lower electricity rates, flexible supply options, and renewable energy, aligning with their long-term sustainability goals.

Seven Landers Superstore branches—located in Alabang, Arca South, Arcovia, Balintawak, Nuvali, Fairview, and Otis Manila—have already transitioned to the programs, enabling more efficient and cost-effective sourcing of electricity.

FAST Cold Chain Solutions Inc., a unit of FAST Logistics Group, has also shifted its Cavite-based cold storage facility to CREM, a move expected to reduce emissions linked to electricity consumption and contribute to the company’s broader carbon reduction targets.

The Medical City, meanwhile, has renewed its CREM contract with MPower, ensuring stable electricity for its main hospital in Pasig and its facilities in Ortigas and South Luzon, all of which are set to benefit from renewable power sources.

“We’re grateful to the MPower team and to our portfolio companies for embracing this initiative,” said Brice Cu, senior managing director and country head of the Philippines at CVC. “By connecting them to more competitive and sustainable electricity solutions, we’re not only reducing operating costs, we’re also helping build more resilient and future-ready businesses.”

MPower First Vice President and Head Redel M. Domingo called the collaboration a key milestone and lauded CVC’s forward-thinking stance on energy strategy.

He noted that the RAP scheme, which aggregates smaller electricity users, gives them access to retail power markets despite their consumption falling below the 500-kilowatt threshold mandated by the Retail Competition and Open Access (RCOA) rules.

CREM permits businesses with at least 500 kilowatts of demand to select their electricity supplier, while RAP pools the demand of smaller users to provide them with similar access.

Domingo added that MPower remains focused on improving energy pricing and service quality while growing its renewable energy portfolio to meet the evolving needs of commercial clients.