AC Energy signs up plastics producer as retail customer

AC Energy Inc., the power unit of Ayala Corp., has signed up a new customer under its retail electricity business which now covers over 100 megawatts (MW) in supply.

It forged a retail power supply agreement with Plastmann Industrial Corp. for a 1.7-MW supply, partly sourced from renewable sources.

Also under the agreement, AC Energy will provide energy savings solutions and dependable power, which will benefit Plastmann and its customers.

Plastmann is a manufacturer of a wide range of plastic products catering to both domestic and multinational customers.

The addition of Plastmann Industrial under AC Energy’s retail business brought the power firm’s total retail supply to over 100 MW.

As of the end of 2017, AC Energy supplied retail electricity close to 100 MW.

AC Energy entered the retail energy supply business, initially targeting a 50-megawatt (MW) supply in the next three years in line with the full implementation of retail competition and open access.

It acquired a RES license from the Energy Regulatory Commission in 2016.

Under the RCOA regime, end-users that are part of the contestable market, or contestable customers, are given the choice to choose their supplier of electricity aimed to foster competition in the generation and supply sector.

Among its customers include Fort Bonifacio Development Corp. (FBDC), the developer of Bonifacio Global City (BGC), to power up eight of FBDC’s buildings, including properties such as the BGC Corporate Center, Bonifacio High Street, Central Square, Bonifacio Stopover, Park Triangle, and Bonifacio Technology Center.

FBDC, a company controlled by Ayala Land Inc. and Evergreen Holdings of Joselito Campos, has partnered with the Bases Conversion and Development Authority (BCDA) to turn the former US military base into what is now world-class business and residential center known as BGC in Taguig.