^{In photo: Cathay Land Corporate President and CEO Jeffrey T. Ng (center) and VP Corporate Administration Mary Ann Kocencio (2nd from the left) with COREnergy VP and Head of Operations Marko Sarmiento (4th from the left), Head of Commercial Operations and Strategy Michael Lasam (rightmost), and Senior Sales Manager Teodorico Cortinas (leftmost) formally seals energy partnership.}

Cathay Land Inc. has brought 46 electricity connection points across its industrial and residential property portfolio into the Department of Energy‘s (DOE) Retail Aggregation Program (RAP) through a partnership with COREnergy, reflecting growing interest among large property developers in using competitive electricity procurement to manage power costs.

The real estate developer, part of The Cathay Group of Companies, said the move will allow it to consolidate smaller electricity loads across multiple properties to meet contestability requirements and participate in the competitive retail electricity market.

Through the arrangement with COREnergy, the retail electricity arm of Vivant Energy, Cathay Land will be able to manage electricity sourcing, reporting, power costs and long-term energy planning across its nationwide portfolio under a single aggregation framework.

“Grouping these properties under the aggregation program is a practical step toward more efficient utility management,” said Mary Ann Kocencio, vice president for corporate administration at Cathay Land.

“This allows us to manage our diverse portfolio as one coordinated platform rather than as separate accounts, supporting our growth with a more responsible and organized energy strategy,” she added.

Industry participants have increasingly viewed retail aggregation as a tool for improving visibility over energy expenses and securing more competitive power supply arrangements amid fluctuating electricity prices.

“For businesses with multiple locations, the Power of Choice should not be limited by how their meters are structured,” said Marko Sarmiento, vice president and operations head of COREnergy.

“Our role is to help customers navigate the technical and regulatory requirements so they can access energy solutions that fit the way their business actually operates,” he added.

According to COREnergy, the arrangement enables Cathay Land to treat electricity procurement as a centralized operational function rather than managing individual accounts separately across multiple developments.

Retail aggregation has gained traction among companies with geographically dispersed operations, particularly in the real estate, manufacturing and commercial sectors, as they seek greater flexibility in electricity sourcing and power cost management.

The DOE launched the Retail Aggregation Program to expand access to retail competition and open the electricity market to smaller consumers that may not individually meet the threshold required to choose their own electricity supplier.

What do you think? Will wider adoption of retail aggregation help Philippine businesses better manage power costs and improve competitiveness? Share your insights.

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