Listed EEI Bares Retail Supply Deal

EEI Energy Solutions Corporation (EEI Energy), the retail arm of the Yuchengco-led EEI Power Corporation, signed a retail supply contract with Genstar Manufacturing Corporation, a Valenzuela-based manufacturer of plastic packaging. Energy delivery commenced last September.

Photo Insert: EEI Energy Solutions is the retail arm of the Yuchengco-led EEI Corporation.

“Genstar is the second customer in our portfolio that went through initial switching. We are truly honored to having been given the privilege of helping the company realize savings in their power bills and funds which it can use in other aspects of its operation,” said Cris Noel Torres, President of EEI Energy Solutions Corporation.

According to EEI Energy General Manager Salvador Salire, Jr., EEI Energy offers competitive retail rates and end-to-end solutions, including value-added services, for commercial and industrial markets.

Genstar, an initial switched customer, opted to enjoy the benefits of retail competition being a contestable customer. Genstar is the 4th customer of the startup EEI Energy.

“We encourage other contestable customers who are yet to switch to exercise their power of choice and explore with EEI Energy,” Salire added.

The current supply basket of EEI Energy is more than 4.2MW since it started commercial operation in February 2021.

Adding to EEI Energy’s prospects is the provision of renewable energy (RE) to customers who are qualified under the government’s Green Energy Option Program (GEOP), which is targeted to be commercialized by the end of the year. EEI Energy has been granted its GEOP Operating Permit by the Department of Energy last September.

The GEOP is among the mechanisms under the Renewable Energy Act of 2009 which aims to provide consumers with the option to choose RE as their source of energy. Qualified participants would be all electricity end-users with an average peak demand of 100kW and above for one year.

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