ERC Renews RES License of Mabuhay Energy
ERC Renews RES License of Mabuhay Energy
Mabuhay Energy Corporation (MECO), a wholly-owned subsidiary of the Aviva Group of Companies, has officially renewed its Retail Electricity Supplier (RES) license with the Energy Regulatory…
Mabuhay Energy Corporation (MECO), a wholly-owned subsidiary of the Aviva Group of Companies, has officially renewed its Retail Electricity Supplier (RES) license with the Energy Regulatory Commission (ERC) on January 22, 2025. MECO is also one of the first RES in the country to be granted a license under the ERC’s newly issued Omnibus Rules for Customer Choice Programs, introduced in 2024—once again stepping up as a leader in the evolving energy space. These updated rules come with stricter requirements to ensure that only capable and committed organizations are able to operate, ultimately to protect the best interests of electricity consumers.
But more than just a milestone, this renewed license is a reflection of what matters most to MECO: their partners–with the promise to continue delivering energy solutions that are cost efficient, reliable, and sustainable, whether they’re running a business or managing operations across multiple sites.
This license renewal strengthens Mabuhay Energy’s ability to serve businesses of all sizes through customized retail electricity supply agreements. From reducing energy costs to enhancing operational efficiency and exploring greener energy options—MECO is here to help!
For the past five years, Mabuhay Energy has worked hard to be a trusted energy partner under the Retail Competition and Open Access (RCOA) program, particularly in serving the Competitive Retail Electricity Market (CREM). MECO has also taken active roles in forward-looking programs like the Retail Aggregation Program (RAP) for smaller users and the Green Energy Option Program (GEOP) for those choosing renewable power.
Mabuhay Energy remains committed to empowering Filipino businesses and communities through smart, scalable, and sustainable energy solutions.
Mabuhay Energy, #YourPartnerForGrowth
Could your business benefit from open access?
Businesses consuming 100 kW or more have the right to choose their electricity supplier under RCOA.
Get a free assessment →Related Articles
Bridging the Atom: Energy Players Chart Path for Nuclear Power
"From an RES perspective, the core question has to be: How do we actually bring down the cost of electricity for the end-user? That must be the ultimate goal," Castillo said. "When we contract supply from generators, including nuclear once it becomes available, the challenge lies in utilizing that capacity so it reaches our customers in a way that is dependable, economically viable, and adaptable to their commercial needs."
Read more →
Franchisees Make Smart Energy Choices to Cut Cost through RCOA
Businesses that have made the switch to a RES are already seeing significant reductions in their power bills, with savings reaching up to 30%. For franchise owners, these freed-up funds provide valuable capital that can be reinvested directly into store expansion and facility upgrades.
Read more →
Mabuhay Energy CEO: Retail Choice Can’t Override Grid Bottlenecks
"A Retail Electricity Supplier cannot give a customer affordable electricity if affordable generation is unavailable," Castillo emphasized. "And affordable generation somewhere in the country does not help the customer if transmission cannot bring that electricity to where it is needed."
Read more →