Published
By Myrna M. Velasco
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.
GBP-Robinsons
Land Power Supply Contract – Global Business Power Corporation (GBP) through
its official retail energy arm, Global Energy Supply Corporation (GESC), has
recently signed a power supply agreement with Robinsons Land Corporation (RLC)
under the retail competition and open access (RCOA) scheme. Under the
agreement, GBP will supply 22 MW of power to various RLC developments in the
Visayas. The contract covers Robinsons malls located in Bacolod, Dumaguete,
Tacloban, Roxas, Iloilo, and Cebu. The agreement was signed by (from left) GBP
first senior vice president Elisa Dayao, RLC president and chief operating
officer Frederick Go, and GBP president Jaime Azurin.
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.
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