MPower signs retail deal for Aseana assets

MPower, the retail electricity supplier of Manila Electric Co. (Meralco), has signed a new agreement that will bring several properties in the Aseana City estate and other sites in Makati and Parañaque into a retail aggregation setup.

The deal was formalized with Aseana Holdings Inc., the development arm of DM Wenceslao & Associates Inc. (DMWAI)

Under the arrangement, the group’s commercial spaces and offices will consolidate multiple electricity accounts so they can buy power in bulk from MPower.

“This milestone continues that strong partnership, and we are confident the team will remain by our side as we move into the next phase,” DMWAI president and chief executive Delfin Angelo Wenceslao said.

Wenceslao added that the expansion of the partnership reflects years of collaboration with Meralco and MPower. This dates back to 2019 when the group first entered the open access framework.

Retail aggregation allows customers with smaller individual loads to combine their demand and benefit from more competitive rates and a wider choice of suppliers.

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The new agreement builds on DMWAI’s move last year to shift its larger electricity users to the competitive retail market. This permits businesses with sufficient monthly demand to select their preferred supplier—part of ongoing reforms that energy regulators have said could lower power costs.

The latest partnership comes amid continued development across the Manila Bay area.