MANILA, Philippines — Boracay Island Water Co. Inc. (BIWC), a unit of Razon-led Manila Water, is making waves within the Visayas as the primary firm to embrace the federal government’s retail aggregation program (RAP).
Beneath this system, BIWC has aggregated the ability demand of its 11 amenities, together with water remedy vegetation, pumping stations, wastewater remedy amenities and carry stations.
The transfer permits the corporate to decide on its most popular vitality provider, because the aggregation has resulted in a peak demand of 749 kilowatts, sufficient to hit the minimal threshold of 500 kW.
PrimeRES Vitality Corp., the retail electrical energy arm of the Razon Group, will function the retail aggregator, sourcing the ability from suppliers and the spot market.
The RAP initiative empowers a number of energy end-users inside the identical space to combination their vitality demand to satisfy the minimal threshold required to contract their most popular provider.
The scheme additionally provides prospects the chance to lock in decrease electrical energy charges whereas additionally offering the choice to modify to renewable vitality sources.
Following this landmark transfer, the Vitality Regulatory Fee (ERC) lauded BIWC for increasing RAP to Boracay Island, one of many nation’s widespread vacationer locations.
“After only a few months of RAP being piloted in numerous sectors, we’re thrilled to see it attain the Visayas by way of Boracay Water’s initiative,” ERC chairperson and CEO Monalisa Dimalanta stated.
“This can be a landmark second for vitality democracy within the Philippines. As Boracay Water begins to understand price financial savings, we hope extra establishments throughout the nation will likely be impressed to comply with go well with,” she added.
BIWC’s transition to RAP builds on the pioneering work of its father or mother, Manila Water, the primary firm within the Philippines to modify underneath the expanded energy aggregation program.
“We rejoice this not solely as a pioneering achievement however as a possibility to teach and encourage others. Our message is easy – if we are able to do it, others can too,” stated Melvin John Tan, COO at Manila Water Philippine Ventures.
Manila Water serves the east zone of Metro Manila underneath a concession settlement with the Metropolitan Waterworks and Sewerage System.
At the moment, the corporate offers water providers to over 7.3 million customers throughout 24 cities and municipalities.