Philippine property developer The BE Group of Companies has signed a deal with COREnergy to supply and manage power for its Mabuhay Towers in Cebu, as businesses seek more flexible energy solutions amid rising demand.
The agreement covers the office towers located in Cebu Business Park and Cebu IT Park, two of the country’s fastest-growing business districts driven by the expansion of the IT-BPM sector, the companies said in a statement on Monday.
Under the partnership, COREnergy will provide retail electricity supply and help optimize energy consumption for the buildings, allowing the developer to shift toward a more structured energy strategy with improved cost predictability and operational efficiency.
COREnergy operates under the Philippines’ retail competition and open access (RCOA) framework, which allows qualified customers to choose their electricity supplier. Its “gentailer” model integrates generation and retail supply, enabling it to better align electricity sourcing with client demand while managing exposure to price volatility.
“We want to work with partners who understand the kind of growth we envision,” said Grand Benedicto, president and CEO of The BE Group, adding the partnership would support long-term development plans.
The deal comes as the Energy Regulatory Commission plans to lower the contestability threshold to 100 kilowatts by June 2026, widening access to retail electricity supply to more commercial users.
Industry players say the shift is prompting businesses to treat energy not just as a fixed cost but as a strategic lever for managing expenses and scaling operations, particularly in energy-intensive sectors such as business process outsourcing.
The agreement underscores growing demand for customized power solutions in key urban hubs like Cebu, where round-the-clock operations are fueling electricity consumption.
Business News Asia
