EEI Energy Solutions Corporation, the retail electricity supplier (RES) arm of Yuchengco-led EEI Corporation, is providing power to a mall in Laguna and a cooperative in Batangas.
The firm announced that it signed RES contracts with Cabuyao City-based Centro Mall and Lipa City-based Limcoma Multi-purpose Cooperative, the country’s first ISO 9001:2001 certified feed mill cooperative. Each facility requires over 500 kilowatts (kW) of electricity supply.
“EEI Energy is honored to have been chosen to be the retail electricity supplier of Centro Mall and Limcoma Corporation 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,” EEI Energy President Cris Noel Torres said in a statement.
Centro Mall and Limcoma are among the first accounts closed by EEI Energy within just six months into its operation, following the account with the local counterpart of a leading Southeast Asian aqua culture manufacturer, which began last May.
EEI Energy acquired its RES license from the Energy Regulatory Commission (ERC) in February under the government’s retail competition and open access (RCOA) policy. Its total contracted capacity to-date is around 3.5 megawatts.
“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 EEI Energy Operations Manager Valia Quinajon.
The ERC lowered the RCOA threshold to 500kW also in February. Under the policy, contestable customers may choose to get power at a lower cost from RESs of their choice instead of the distribution utility servicing the area in which their businesses operate. This set-up would eventually be available for households in the future.