ACEN Corp.’s retail electricity supply (ACEN RES) group has been recognized by the Department of Energy (DOE) for complying with the Retail Competition and Open Access (RCOA) program.
“In a recent virtual awarding ceremony, the DOE recognized ACEN RES group for its continuous support to the Retail Competition and Open Access program through its compliance with the reportorial requirements required under DOE Circular No. DC2013-05-0006, entitled, ‘Enjoining All Generation Companies, Distribution Utilities, Suppliers and Local Suppliers to Ensure an Effective and Successful Transition towards the Implementation of Retail Competition and Open Access’,” it said Tuesday.
Also, the DOE recognized 12 of ACEN’s power plants which include several operating wind and solar farms with an aggregate capacity of about 760 megawatts (MW).
Those recognized by the DOE were NorthWind in Ilocos Norte, Guimaras Wind in Visayas, the three solar farms in Negros, SacaSol, MonteSol and IslaSol, as well as the company’s thermal assets.
“It is our privilege to accept these recognitions as a testament to the continuing dedication of ACEN, not only to further renewables in the country, but to also ensure proper compliance with regulations and excellence in service as we do so,” said Miguel de Jesus, ACEN executive director and head of commercial operations.
The distinction comes as ACEN takes significant steps in expanding its renewables footprint across the Asia Pacific, with its attributable capacity now reaching about 4,000 MW.
The company said its commitment to streamline its Retail Electricity Supply operational processes and its strict adherence to the set standards by the DOE allow for its continuous participation in the RCOA and the expansion of its customer base.
“We believe that providing efficient and transparent market service to our clients is equally crucial in ensuring a reliable and sustainable electricity supply,” said De Jesus.
In the Philippines, ACEN’s customers under its RCOA program spans the agricultural, educational, food and beverage, semiconductor and fast-moving consumer goods industries.
The RCOA, established under the Electric Power Industry Reform Act of 2001, allows contestable customers that consume an average of 500 kilowatts (kW) per month in the preceding 12 months, to choose their preferred electricity suppliers.
ACEN is the listed energy platform of the Ayala Group. It has about 4,000 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia, with a renewable share of 87 percent, which is among the highest in the region.