ACEN identified as top GEOP supplier with 52.55% share

By Alena Mae S. Flores – April 8, 2025, 8:00 pm
from manilastandard.net

The Energy Regulatory Commission (ERC) identified ACEN Corp. as the primary supplier in the Green Energy Option Program, capturing 52.55-percent share as of January 2025.

“ACEN has consistently emerged as the primary renewable energy supplier, with the highest number of GEOP EUs [end users] being supplied at 278 EUs with an equivalent demand of 91.24 megawatts (MW),” the ERC said in its summary of RE suppliers with GEOP supply contract.

ACEN, the power arm of Ayala Group, supplied 278 EUs out of 529, with an equivalent demand of 181.26 MW.

ACEN has a rapidly growing RE presence across the Philippines, Australia, Vietnam, India, Indonesia, Lao PDR and the USA. The company has 6.8 gigawatts of attributable renewable energy capacity spanning operational, under-construction and committed projects.

“As of January 2025, there are already 529 EUs which have switched to the GEOP, with an equivalent total peak demand of 181.26 MW. Of these, 437 GEOP EUs are in Luzon and 92 GEOP EUs are in Visayas,” the ERC said.

GEOP is voluntary policy mechanism under the Renewable Energy Act of 2008 that allows electricity end-users to choose renewable energy as their source of energy.

It is non-regulated and provides end-users the option to contribute in the development and utilization of RE in a least-cost and sustainable manner.

Direct Power Services Inc. followed with 63 EUs and demand of 20.01 MW; Green Core Geothermal Inc. with 54 EUs and 17.51 MW; and Shell Energy Philippines (SEPHRES) with 51 EUs and 18.68 MW.

The ERC said GEOP’s weighted average price for January is at P6.73 per kilowatt-hour.

The regulator said Manila Electric Co. leads with the highest number of EUs who have switched to the GEOP, totaling 410 EUs and with an equivalent demand of 131.84 MW.

Visayan Electricity Co. leads with 53 GEOP EUs and a demand of 24.33 MW in the Visayas.