Global Power signs retail electricity supply deal with Robinsons Land
Global Business Power Corporation (GBP) has forged a 22-megawatt power supply agreement with Robinsons Land Corporation (RLC) under the Retail Competition and Open Access (RCOA) policy regime of the restructured electricity sector.
The supply pact was cemented through the retail electricity supplier (RES) unit of GBP, the Global Energy Supply Corporation (GESC), that had been licensed by the Energy Regulatory Commission to offer such kind of service to contestable customers.
Under the deal, GBP will have to supply the power requirements of RLC developments in the Visayas for an aggregate capacity of 22 megawatts.
These shall cover the mall-developments of the Gokongwei group in Bacolod, Cebu, Dumaguete, Iloilo, Roxas and Tacloban.
As noted by GBP President Jaime T. Azurin, their supply contract with RLC is hinged on the company’s “support to the country’s consumption-driven economy, as we both look to harness various opportunities for growth in servicing these fast-growing cities.”
Retail competition in the power industry is manifestly a thriving segment of the restructured electricity sector, with beneficiary-customers already vouching of cost savings as well as better quality services being extended to them by suppliers.
RLC President Frederick D. Go forthrightly stressed that “as we continue to serve our customers throughout the country, we look forward to working with GBP to help meet out energy requirements.”
Azurin qualified that RLC’s decision to sign up with GBP “is yet another testament to our capability in providing our customers with reliable energy at competitive rates.”
The RCOA policy system in the power industry gives consumers in the 1.0-megawatt consumption range that “power of choice” to negotiate and underwrite supply contracts with their preferred suppliers.
It is being enforced still on “voluntary basis” following a restraining order from the Supreme Court on its “mandatory scheme” of implementation previously set by industry regulators.