The expanded collaboration covers both renewals of existing contracts and the onboarding of new accounts, reinforcing MPower’s efforts to offer reliable and cost-effective power to major sectors including retail, healthcare, and logistics.
CVC Asia, the private equity strategy arm of global investment firm CVC, backs several Philippine-based companies such as Southeast Asia Retail Inc. (Landers Superstore), Professional Services Inc. (The Medical City), and FAST Logistics Group.
Landers and FAST go competitive
Through the deal, Landers Superstore’s branches—including those in Alabang, Arca South, Arcovia, Balintawak, Nuvali, Fairview, and Otis Manila—will now be powered through CREM and RAP. This allows Landers to source energy more competitively via aggregation, giving it access to better rates, flexible supply options, and a greener footprint.
Likewise, FAST Cold Chain Solutions Inc., part of the FAST Logistics Group, has moved its Cavite facility into the CREM. The shift is expected to lower emissions linked to electricity use, aligning with the logistics giant’s decarbonization goals.
TMC renews commitment to clean energy
The Medical City (TMC), which has been part of CREM since 2014, renewed its contract with MPower to ensure uninterrupted supply for its flagship Pasig hospital. The updated agreement also covers renewable energy supply for TMC hospitals in Ortigas and South Luzon, contributing to emission reduction across its operations.
“This collaboration is a clear example of how we actively partner with our investee companies to unlock tangible, long-term value,” 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, future-ready businesses.”
Wider impact and industry signal
MPower’s first vice president and head, Redel M. Domingo, hailed the partnership as a milestone and a model for others.
“This partnership is not only a significant milestone for our organizations, but also a strong testament to your group's forward-thinking leadership,” Domingo said.
He further praised CVC Asia’s adoption of the Retail Aggregation Program, calling it a “revolution” that allows smaller electricity users to enjoy the benefits of competitive sourcing—once only accessible to larger businesses.
“The RAP revolution empowers electricity consumers with unprecedented freedom... Your commitment sets a clear and inspiring example for other industry players to follow,” he added.
Under the Department of Energy’s competitive reforms, CREM allows businesses with peak demand of 500 kilowatts or more to choose their supplier, while RAP lets smaller users band together to reach that threshold collectively. —Ed: Corrie S. Narisma
