AC Energy Holdings Inc. is dipping its foot in the retail energy business, initially targeting a 50-megawatt (MW) supply in the next three years in line with the full implementation of retail competition and open access (RCOA).
The Ayala power investment arm has established itself as a retail electricity supplier (RES) after getting the necessary license, AC Energy president and CEO John Eric Francia said.
“While we are small and I don’t think it would be significant, it’s worth mentioning we’re also going to be an active participant in retail electricity,” he said.
AC Energy does not intend to grow aggressively in the space, targeting to supply 50 MW at most in three years, the company official said.
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