MPower, the retail electricity supply arm of Meralco, has advanced its partnership with CVC Asia by supporting the energy transition of the private equity firm’s Philippine portfolio of companies to the Competitive Retail Electricity Market (CREM) and the Retail Aggregation Program (RAP).

The agreement covers three CVC-backed companies: Landers Superstore operator Southeast Asia Retail Inc., The Medical City operator Professional Services Inc., and FAST Logistics Group. Through this partnership, these businesses will gain access to more competitive electricity rates, flexible energy options, and renewable energy sources, which is in line with their sustainability goals.

Landers Superstore has shifted the operations of seven of its branches, including those in Alabang, Arca South, Arcovia, Balintawak, Nuvali, Fairview, and Otis Manila, to CREM and RAP. This transition allows Landers to source electricity more efficiently and cost-effectively.

FAST Cold Chain Solutions Inc., a unit of FAST Logistics Group, also moved its Cavite-based cold storage facility to CREM. The shift is expected to help reduce emissions from electricity consumption, thus supporting the company’s broader emission reduction targets.

Meanwhile, The Medical City renewed its CREM contract with MPower. This secures reliable electricity for its flagship hospital complex in Pasig City. The deal also covers facilities in Ortigas and South Luzon, where renewable energy will help lower the hospitals’ carbon footprint.

“We’re grateful to the MPOWER team and to our portfolio companies for embracing this initiative,” said Brice Cu, Senior Managing Director and Country Head of the Philippines at CVC. “By connecting them to more competitive and sustainable electricity solutions, we’re not only reducing operating costs,  we’re also helping build more resilient and future-ready businesses.”

MPower First Vice President and Head Redel M. Domingo described the collaboration as a significant milestone, commending CVC’s forward-thinking approach. He emphasized that the RAP initiative enables smaller electricity consumers to make informed choices about their power suppliers despite consuming below the 500-kilowatt threshold set by the Retail Competition and Open Access (RCOA) rules.

CREM allows businesses with at least 500 kilowatts of electricity demand to select their provider, while RAP enables the aggregation of multiple small users to access the same choice. MPower said it remains committed to improving energy pricing and quality while expanding its renewable energy portfolio.

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