The agreement covers the twin business towers located within two of Cebu’s fastest-growing commercial districts, where the continued expansion of the information technology and business process management (IT-BPM) sector has heightened demand for dependable and cost-efficient power supply.
Energy shift
By transitioning to COREnergy under the retail competition and open access framework, Mabuhay Towers gains access to a more strategic and customizable energy model designed to improve operational efficiency and cost predictability.
COREnergy operates as a “gentailer,” integrating power generation and retail electricity supply to better match energy demand while minimizing exposure to market price volatility.
“As a homegrown company, we want to work with partners who understand the kind of growth we envision to build for Cebu,” said Grand Benedicto, president and chief executive officer of The BE Group of Companies, in a statement.
“COREnergy has the technical capacity in retail electricity supply and the same level of commitment to Cebu’s progress. That gives us confidence that this partnership will help us manage energy more strategically while supporting our developments in the long term,” he added.
Growing demand
Cebu Business Park and Cebu IT Park continue to attract enterprise locators and BPO firms operating round-the-clock, increasing the need for stable electricity and efficient energy management systems.
According to COREnergy, businesses are beginning to view electricity not merely as a fixed operational expense but as a strategic business tool that can support growth and improve performance.
“Businesses are no longer treating power as a fixed monthly expense,” said Marko Sarmiento, senior assistant vice president and head of sales at COREnergy.
“With the Power of Choice, they can structure how energy supports their operations, whether that’s managing costs, improving performance, or planning for scale,” Sarmiento said.
Market expansion
The partnership also comes ahead of the Energy Regulatory Commission’s planned reduction of the contestability threshold to 100 kilowatts by June 2026, a move expected to expand access to retail electricity supply for more commercial establishments nationwide.
COREnergy said the development signals a broader shift among businesses toward actively managing energy consumption to control costs and improve operational performance amid continued economic growth.---Ed: Corrie S. Narisma
