MANILA, Philippines — EEI Energy Solutions Corp., the retail arm of the Yuchengco-led EEI Power Corp., has signed a retail supply contract with Valenzuela-based plastic packaging manufacturer Genstar Manufacturing Corp.
EEI Energy started supplying Genstar last September. The deal covers a maximum contract capacity of 700 kilowatts (kw).
Genstar is the company’s fourth retail electricity customer and the second customer that switched power suppliers for the first time.
“Genstar is the second customer in our portfolio that went through initial switching. We are truly honored to having been given the privilege of helping the company realize savings in their power bills and funds which it can use in other aspects of its operation,” EEI Energy president Cris Noel Torres said.
EEI Energy general manager Salvador Salire Jr. said the company offers competitive retail rates and end-to-end solutions, including value added services, for commercial and industrial markets.
Genstar, an initial switched customer, opted to enjoy the benefits of retail competition being a contestable customer.
“We encourage other contestable customers who are yet to switch to exercise their power of choice and explore with EEI Energy,” Salire said.
With the addition of Genstar, the current supply basket of EEI Energy is more than 4.2 megawatts (MW) since it started commercial operations in February.
Apart from targeting customers qualified under retail competition and open access (RCOA), EEI Energy provides renewable energy (RE) to customers who are qualified under the government’s Green Energy Option Program (GEOP), which is targeted to be commercialized by the end of the year.
EEI Energy has been granted its GEOP operating permit by the Department of Energy (DOE) last September.