BUSINESS
Advocates Philippines
Burgundy Corporate Tower Pioneers Shift To Competitive Power Market
Contributed Photo
MANILA — Burgundy Corporate Tower in Makati City is taking a major step toward smarter energy management as it becomes the first customer to enter the Competitive Retail Electricity Market (CREM) under the newly lowered eligibility threshold.
The 38-storey, strata-owned office condominium has partnered with MPower, the retail electricity supplier of Manuel V. Pangilinan-led Manila Electric Company (Meralco), following the Energy Regulatory Commission’s decision to reduce the contestability threshold from 500 kilowatts (kW) to 100 kW. The transition is set to begin in June.
With the new rules in place, more commercial establishments can now choose their electricity supplier, opening the door to competitive pricing and flexible power solutions. Burgundy Realty Corporation and the Burgundy Corporate Towers Office Owners Association, Inc. formalized the move by signing power supply agreements with MPower.
“By joining CREM, we can explore cost saving options without requiring additional funding. Participating in this program and partnering with MPower will deliver meaningful cost savings for the building, making it a strategic and beneficial decision,” Burgundy Corporate Tower Property Manager Bernard T. Ortiz-Luis said.
Located in Makati’s central business district, Burgundy Corporate Tower’s decision positions it as a trailblazer for other developments considering alternative energy sourcing under the ERC’s updated policy.
Meralco Senior Vice President and MPower Head Redel M. Domingo welcomed the development, calling the regulatory change a game-changer for businesses.
“The lowering of the contestability threshold is a major step in expanding access to CREM, giving businesses greater flexibility and control over their strategies. I’m thrilled that Burgundy Corporate Tower is leading the way as a pioneer, setting a strong example of forward-looking energy management while fully leveraging the benefits of increased market competition,” Domingo said.
MPower said it remains committed to helping businesses maximize the advantages of the 100 kW threshold through competitive energy solutions and reliable service, as more companies are expected to follow Burgundy Corporate Tower’s lead in the coming months.
The 38-storey, strata-owned office condominium has partnered with MPower, the retail electricity supplier of Manuel V. Pangilinan-led Manila Electric Company (Meralco), following the Energy Regulatory Commission’s decision to reduce the contestability threshold from 500 kilowatts (kW) to 100 kW. The transition is set to begin in June.
With the new rules in place, more commercial establishments can now choose their electricity supplier, opening the door to competitive pricing and flexible power solutions. Burgundy Realty Corporation and the Burgundy Corporate Towers Office Owners Association, Inc. formalized the move by signing power supply agreements with MPower.
“By joining CREM, we can explore cost saving options without requiring additional funding. Participating in this program and partnering with MPower will deliver meaningful cost savings for the building, making it a strategic and beneficial decision,” Burgundy Corporate Tower Property Manager Bernard T. Ortiz-Luis said.
Located in Makati’s central business district, Burgundy Corporate Tower’s decision positions it as a trailblazer for other developments considering alternative energy sourcing under the ERC’s updated policy.
Meralco Senior Vice President and MPower Head Redel M. Domingo welcomed the development, calling the regulatory change a game-changer for businesses.
“The lowering of the contestability threshold is a major step in expanding access to CREM, giving businesses greater flexibility and control over their strategies. I’m thrilled that Burgundy Corporate Tower is leading the way as a pioneer, setting a strong example of forward-looking energy management while fully leveraging the benefits of increased market competition,” Domingo said.
MPower said it remains committed to helping businesses maximize the advantages of the 100 kW threshold through competitive energy solutions and reliable service, as more companies are expected to follow Burgundy Corporate Tower’s lead in the coming months.
Jan 13, 2026
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