EEI Energy Solutions Corp. (EEI Energy), the electricity arm of EEI Corp. of the Yuchengco Group, inked retail electricity supply deals with Centro Mall and Limcoma Multi-Purpose Cooperative.
EEI Energy had just acquired its Retail Electricity Supply (RES) license from the Energy Regulatory Commission (ERC) last February. In just six months into its operation, EEI closed these two deals.
Centro Mall is one of the prominent shopping malls in Laguna while Limcoma is the first ISO 9001:2001 certified feed mill cooperative in the Philippines. Each facility requires over 500 kilowatts (kW) of electricity supply.
Prior to this, EEI Energy sealed a similar contract with the local counterpart of a leading Southeast Asian aquaculture manufacturer, which commenced last May. EEI Energy’s total contracted capacity to date is approximately 3.5 megawatts.
“EEI Energy is honored to have been chosen to be the retail electricity supplier of Centro Mall and Limcoma among all the other players in the industry. This is a testament to the dependability and reliability that EEI is known for and the value-added services that we can make available to our customers considering the diverse business interest of our group,” said EEI Energy President Cris Noel Torres.
“These accounts will definitely be the first of many customers we will serve with our unique offerings. While we look forward to a lasting and sustainable business relationship with our customers, we are aggressively working on providing the same, if not more, level of service to other contestable customers across the Luzon and Visayas market” said Valia Quinajon, EEI Energy Operations Manager.
EEI Energy, a wholly-owned subsidiary of EEI Power Corp., is increasing its presence in untapped market segments including areas in the Visayas region, as well as North and South Luzon.
“We are ramping up efforts to further penetrate the retail market and with the synergistic efforts within the EEI Group and the entire YGC. It will just be a matter of time for EEI Energy to carve its place in the retail energy space as one of the most innovative retail electricity suppliers in the country and be able to deliver quality service to our customers,” said Salvador Salire Jr., EEI Energy General Manager.
Salire also said other facilities in the commercial and industrial market are expected to re-open or at least regain normal electricity consumption as the Philippine economy begins to bounce back. He added that increases in capacity of renewable energy produced by its parent company EEI Power will meet rising demand for retail electricity, as contestability threshold is expected to be lowered to 100kW in the coming years.