February 28, 2017 — AC Energy Retail, the retail electricity supply unit of AC Energy, has signed a retail electricity supply agreement with its first customer, Integrated Micro-Electronics, Inc. (IMI).
AC Energy Retail will not only supply reliable electricity to support the power requirement of the entire IMI facility in Laguna, but will also provide customized energy solutions that will help IMI lower its operational costs. This partnership highlights significant synergies between the two Ayala companies.
IMI is the global manufacturing arm of AC Industrials. Apart from being an electronics manufacturing services company, IMI also houses the production, assembly and operations of KTM motorcycles for local distribution and for export to China.
In September 2016, the Energy Regulatory Commission granted license to AC Energy to engage in Retail Electricity Supply (RES). AC Energy has committed itself to become a key player in the RES market by offering innovative products to end-users in the contestable market (Contestable Customers). Contestable Customers are enterprises with high energy consumption that now have the opportunity to take control of their electricity bills and choose energy suppliers that provide the lowest rates and best customer service.
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Photo: AC ENERGY RETAIL-IMI CEREMONIAL SIGNING. IMI President & CEO Art Tan (center) receives a plaque from Ayala Corporation Chairman & CEO Jaime Augusto Zobel de Ayala (third from Left) commemorating IMI as AC Energy Retail’s first customer. They are joined by (L-R) AC Energy Retail Group Head Miguel de Jesus, AC Energy President and CEO Eric Francia, IMI Deputy CFO & Global Controller Jaime Sanchez, Philippine Operations Head Mario Bernardo Santos and Regional Facility Head Geronimo Magsombol.