Yuchengcos eye eyes bigger presence in retail energy market

Yuchengcos eye eyes bigger presence in retail energy market

EEI Energy, a member of the Yuchengco Group of Companies (YGC), is expanding its retail presence as it seeks to become a significant player in the industry.

In a regulatory filing, EEI said it was planning to increase its presence in untapped market segments including areas in the Visayas region as well as north and south Luzon leveraging the business relationship between EEI Corp. and its subsidiaries.

“We are ramping up efforts to further penetrate the retail market and with the synergistic efforts within the EEI Group and the entire YGC.

It will just be a matter of time for EEI Energy to carve its place in the retail energy space as one of the most innovative retail electricity suppliers in the country and be able to deliver quality service to our customers,” said Salvador Salire Jr., general manager of EEI Energy.

Salire said other facilities in the commercial and industrial market are expected to re-open or at least regain normal electricity consumption as the Philippine economy begins to bounce back.

He added that increases in capacity of renewable energy produced by its parent company EEI Power Corp. would meet rising demand for retail electricity, as contestability threshold is expected to be lowered to 100kW in the coming years.

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