JEG Tower in Cebu City is locking in its electricity costs for two years under a new power supply deal with COREnergy, giving the commercial property greater protection against price volatility while improving control over a major operating expense.
JDC One Acacia Corp., operator of JEG Tower, contracted 0.6 megawatt of capacity from the Vivant Energy subsidiary through the Retail Competition and Open Access (RCOA) framework.
The fixed-rate agreement reflects a growing shift among commercial property operators toward strategic power procurement as electricity costs increasingly affect building expenses, efficiency, tenant costs, and competitiveness.
“Electricity is fundamental to how we operate our building and serve our tenants,” JDC One Acacia President Marivic Sembrano said. “By taking a more strategic approach to energy procurement, we’re able to better manage one of our major operating costs.”
The agreement also gives JEG Tower access to COREnergy’s customer portal, providing daily and hourly load profiles, billing history, load factors, and historical generation charges.
The data could help the property track consumption more closely, identify efficiency opportunities, and make better-informed decisions on building operations.
COREnergy Vice President and Head of Operations Marko Sarmiento said better electricity management can also translate into stronger tenant services.
“When building operators gain greater visibility and control over electricity costs, they’re also strengthening the services they provide to their tenants,” Sarmiento said.
The deal brings together two Cebu-rooted business groups, JEG Development Corp. and Vivant Corp., the parent of COREnergy.
For JEG Tower, the agreement goes beyond securing a power rate. It reflects how commercial buildings are increasingly treating electricity procurement as a management tool, using price certainty and consumption data to protect margins while improving operational efficiency.
With energy prices subject to market swings, locking in costs can also give property managers greater visibility when budgeting for building operations and planning services for tenants.
