MPower, the local retail electricity supplier (RES) of the Manuel V. Pangilinan-led Manila Electric Company (Meralco), has deepened its partnership with CVC Asia, the private equity strategy arm of global investment firm CVC, to transition its Philippine portfolio companies into the Competitive Retail Electricity Market (CREM) and the Retail Aggregation Program (RAP).
Under this partnership, MPower will provide competitive and sustainable energy solutions for CVC Asia’s local businesses: Landers Superstore (Southeast Asia Retail Inc.), The Medical City (TMC) (Professional Services Inc.), and FAST Logistics Group. The agreement covers both the renewal of existing accounts and the inclusion of new facilities, underscoring MPower’s commitment to supporting industries with a reliable electricity supply and long-term cost efficiency.
Transforming Energy Consumption Across Key Sectors
Landers Superstore: All seven branches—Alabang, Arca South, Arcovia, Balintawak, Nuvali, Fairview, and Otis Manila—will transition to CREM and RAP, enabling access to competitive energy rates, flexible options, and sustainability-driven energy sourcing. While FAST Cold Chain Solutions: The Cavite cold storage facility will shift to CREM, helping reduce emissions and aligning with FAST Logistics’ emission-reduction targets. Last but not least, The Medical City (TMC).
Having been a long-standing MPower customer since 2014, TMC has renewed its CREM contract for its flagship Ortigas hospital, ensuring supply reliability for its critical healthcare operations while incorporating renewable energy for its Ortigas and South Luzon hospitals.
“This collaboration is a clear example of how we actively partner with our investee companies to unlock tangible, long-term value,” said **Brice Cu**, Senior Managing Director and Country Head of the Philippines at CVC. “By connecting them to more competitive and sustainable electricity solutions, we’re not only reducing operating costs—we’re also building more resilient, future-ready businesses.”
Redel M. Domingo, First Vice President and Head of MPower, highlighted the broader significance of the deal: “This partnership is a milestone that reflects our shared vision for a competitive and sustainable energy future. Through CREM and RAP, we are empowering businesses to take control of their energy choices, reduce costs, and support the country’s sustainability agenda.”
Empowering Businesses Through CREM and RAP
CREM allows businesses with at least 500 kilowatts of demand to choose their electricity provider, while RAP aggregates smaller users so they too can benefit from competitive pricing and flexible energy sourcing.
MPower’s partnership with CVC Asia strengthens its role in advancing the energy transition of vital industries such as retail, logistics, and healthcare sectors that play a crucial role in driving the Philippine economy.
For more information on MPower’s energy solutions, visit www.meralco.com.ph,
