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The agreement uses the Retail Aggregation Program (RAP), which allows qualified electricity consumers to aggregate their demand and access competitive retail electricity suppliers.
Where it goes
JNEC, the retail electricity supply arm of the Joy~Nostalg Group, will power six FAST facilities. These include the FAST ColdChain Hub in Imus, Cavite; its cross-docking and container freight station in Navotas; corporate office in Alabang, Muntinlupa; and warehouses in Meycauayan, Bulacan, and Calamba, Laguna.
Through renewable energy affiliate Jin Navitas Solaris Inc., JNEC will also supply renewable power to four Chiongbian Group offices in Muntinlupa, Las Piñas, Cavite and Laguna.
Why it matters
The companies said the arrangement would help lower generation costs while giving the facilities access to renewable energy, highlighting RAP's role in opening cleaner and more competitive electricity options to businesses.
“This partnership reflects our commitment to making our operations more cost-efficient, resilient, and sustainable,” FAST Logistics Group CEO for Logistics Manuel L. Onrejas Jr. said in a statement.
JNEC president and CEO Jose Alfonso C. Miras said the company sees the agreement as an opportunity to become FAST's long-term energy partner. “At JNEC, we are proud to support FAST’s growth and efforts to reduce electricity costs,” Miras said.
The bigger picture
The supply agreement adds to FAST's sustainability initiatives, including plans to maximize the solar potential of rooftops across its owned warehouse network. The logistics company said its network spans more than two million square meters nationwide.
FAST has publicly committed to reaching Net Zero by 2050 and is a member of the Net Zero Carbon Alliance.
Under its climate roadmap, FAST is targeting a 55 percent reduction in Scope 1 and Scope 2 emissions by 2030 from a 2023 baseline, putting cleaner electricity procurement alongside onsite solar as key parts of its decarbonization strategy. —Vanessa Hidalgo| Ed: Corrie S. Narisma
