DMCI Homes taps competitive retail electricity market

Manila Electric Company’s (Meralco) local retail electricity supplier has partnered with Conunsji-led DMCI Homes to become the first real estate firm to switch to the Retail Aggregation Program (RAP).

In a statement on Tuesday, June 17, MPower announced that it will onboard DMCI Homes’ properties into the Competitive Retail Electricity Market (CREM) and RAP.

According to MPower, businesses with a minimum electricity demand of at least 500 kilowatts will have the freedom to select their own power provider. Meanwhile, RAP will extend the benefits of CREM to smaller consumers, such as residential buildings, by aggregating demand within the same franchise area to meet the demand threshold.

Properties to adopt RAP are DMCI Homes’ Rosewood Pointe Condominium in Taguig City and Tivoli Garden Residences in Mandaluyong.

Other condominium developments will be switched to CREM, namely La Verti Residences, Sheridan Towers, One Castilla Place, Flair Towers, Zinnia Towers, and Tivoli Garden Residences.

DMCI Homes Property Management Corporation (DPMC) welcomed the recent partnership, as Arturo Zamora, vice president for purchasing, asset management, and commercial and residential leasing, said, “Our company and residents at DMCI Homes are glad to be connected with MPower as our RES. The savings on electricity bills that the households in our communities can enjoy would surely come a long way while we continue to work on our vision for building eco-friendly living spaces.”

Energy Regulatory Commission (ERC) Chairperson Monalisa Dimalanta, who was present during the ceremonial launch, said that this collaboration marks a significant step forward, enabling consumers to choose their own power supplier.

“We envision a competitive energy sector that puts power quite literally in the hands of consumers, and DMCI’s switch to RAP and CREM represents a major leap forward for the power of choice in both the construction and residential industries, which we hope to inspire other developers,” she said.

Redel M. Domingo, MPower’s first vice president and head, assured the company’s commitment to support DMCI’s growing communities through energy cost optimization and its services.

“We remain committed to advancing customer choice across industries while

contributing to the country’s journey toward sustainable economic progress,” he added.

DMCI Homes, a wholly owned subsidiary of DMCI Holdings, Inc., hopes to provide substantial benefits to more than 25,000 of its residents across Metro Manila by cutting back their power costs and securing a stable power supply.