MPower, the retail electricity supply arm of Manila Electric Company (MERALCO), has inked a long-term contract with SM Retail, Inc. to provide 100% renewable energy to its largest establishments in Metro Manila.
“With this partnership with MPower, we are on-track with our goal of powering our facilities with renewable energy under the Competitive Retail Electricity Market (CREM),” said SM Retail Vice President for Workplace and Administration Luis Lava.
This collaboration will supply SM Retail properties, including its main headquarters in Pasay City, with clean energy to support the company’s sustainability efforts.
Through the CREM program, businesses consuming a minimum of 500 kilowatts (kW) per month are empowered to select energy suppliers that best align with their operational needs. This program supports competitive energy pricing and accelerates the shift towards renewable energy sources in the Philippines.
“As a reflection of our commitment to sustainability, we will continue our efforts to meet the growing demand for renewable energy supply in the contestable market,” said MERALCO First Vice President and Head of MPower Redel M. Domingo.
MPower and SM Retail reaffirm their support for the Philippine government’s renewable energy goals, which aim to increase the country’s renewable energy supply to 50% by 2040.
The partnership marks a significant step towards sustainable business practices in the retail sector, showing that large corporations are actively engaging in the shift to cleaner, greener energy solutions.
As the demand for renewable energy grows, this collaboration sets an example of how businesses can contribute to a greener future while achieving operational efficiency.
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