Vivant Energy’s retail electricity unit COREnergy has signed a power supply agreement with pole line hardware manufacturer Jocelyn Forge Inc. to provide electricity to four manufacturing companies in Bulacan under the government’s Retail Aggregation Program (RAP).
The agreement covers Jocelyn Forge Inc., Jocelyn Casting, Formosa Forge Phils. Inc., and Galvanizing Specialist Manufacturing Inc., with a combined contracted capacity of 2.83 megawatts through 2028, according to a company statement.
Under the arrangement, COREnergy will supply electricity under the Department of Energy’s Retail Aggregation Program, allowing the manufacturer to secure more competitive electricity rates and reduce exposure to volatile wholesale power prices.
Jocelyn Forge manufactures standard and customized pole line hardware used by electric distribution utilities and telecommunications companies, including steel crossarms, pole accessories, bolts and brackets. The company said its operations rely on electricity-intensive manufacturing processes that require a stable power supply.
“Working with COREnergy has been a consistently pleasant and straightforward experience for our team,” Jayson Ang, president and head of operations of Jocelyn Forge, said in the statement.
“Their commitment to transparency and customer support has reinforced our trust in the partnership, enabling us to scale our operations with confidence while maintaining a dependable power supply for our manufacturing facilities,” he added.
COREnergy Commercial Excellence Head Edralin Bayona said the partnership supports both companies’ goal of strengthening the country’s utility and telecommunications infrastructure.
“As an integrated gentailer, our objective is to provide industrial partners with the tools for true empowerment, delivering the continuous energy solutions they need to support the growth of their business,” Bayona said.
The agreement comes after the Energy Regulatory Commission broadened access to competitive electricity sourcing by lowering the eligibility threshold for both the Retail Competition and Open Access framework and the Retail Aggregation Program to an average monthly peak demand of 100 kilowatts, effective June 26, 2026.
The regulatory change is expected to allow more commercial and industrial electricity users to procure power from licensed retail electricity suppliers.
Business News Asia
