Renewable energy trailblazer Alternergy Holdings Corp. is strengthening its position in the power industry with the launch of its retail electricity supply arm, ALTER Power RES, Inc. (ALTER Power), after securing approval from the Securities and Exchange Commission.
The move marks Alternergy’s entry into the competitive retail electricity market, targeting consumers who prioritize sustainability in their energy choices.
“The creation of ALTER Power is part of Alternergy’s overall expansion plans. We aim to be a supplier of choice by end-users that place considerable value on sustainability,” said Gerry P. Magbanua, president of Alternergy and ALTER Power.
Magbanua noted that the retail electricity market has maintained steady growth, with demand reaching around 6,500 MW as of August 2025—roughly 45 percent of the country’s total system peak demand. He added that most existing players are vertically integrated firms, and ALTER Power aims to drive greater competition and supplier diversity.
Following SEC approval, ALTER Power will seek accreditation from the Energy Regulatory Commission (ERC) to operate as a licensed Retail Electricity Supplier (RES).
In its latest financial results, Alternergy posted a 26 percent increase in net income to P22 million for the first quarter of fiscal year 2026, boosted by the strong performance of the Kirahon Solar project. Total assets rose 9 percent to P19.4 billion, with nearly P4 billion invested in ongoing wind and solar developments.
Chief Finance Officer Carmen G. Diaz said Alternergy remains financially solid with P4 billion in cash and P134 million in retained earnings, as it prepares to bring new projects—including Hermosa Solar, Dupinga Run-of-River, Tanay, and Alabat Wind—into commercial operations soon.
