Vantage Energy has teamed up with private equity firm CVC Asia to shift two of its major Visayas-based businesses into the Competitive Retail Electricity Market (CREM), with the goal of cutting costs and supporting sustainability goals.

The agreement covers Landers Bacolod and the Cebu cold chain facility of FAST Services Corp., part of the FAST Logistics Group. By joining CREM, both facilities can select their own electricity suppliers under more favorable market terms, which is an option only open to large consumers with a minimum demand of 500 kilowatts.

CVC Asia, the regional arm of global private markets manager CVC, holds stakes in Southeast Asia Retail Inc., which operates Landers Superstore, and in FAST Services. The firm said the partnership aligns with its investment strategy of creating long-term value by enabling operational savings and resilience in its portfolio companies.

“This collaboration exemplifies how we engage with our investee companies to unlock meaningful, long-term value. By facilitating access to more sustainable and cost-efficient electricity, we’re driving both operational savings and future resilience. At CVC, this reflects our commitment to investing with purpose, partnership, and performance at the core,” said Brice Cu, Senior Managing Director and Country Head of the Philippines at CVC.

Landers Deputy Chief Executive Officer Bill Cummings meanwhile said, “At Landers, saving on energy isn’t just a good business – it’s a way to deliver greater value to over two million members. By lowering our operating costs, we’re able to pass on real savings to Filipino families.” Landers operates nationwide, offering a mix of international and local products, exclusive member perks, and fuel discounts.

FAST Services, on the other hand, specializes in warehousing, distribution, and transportation, supporting the efficient movement of goods across the country.

For Vantage Energy, a Meralco affiliate licensed as a retail electricity supplier since 2017, the deal showcases its push to provide tailored energy solutions to retail and logistics clients. President Ernesto M. Cabral described the partnership as a shared effort to promote “progressive energy models” that deliver benefits beyond immediate business gains.

Both companies said they hope the initiative will encourage other large power users to explore competitive supply options, thus combining cost efficiency with environmental responsibility in the evolving Philippine energy market.

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