Meralco ain’t cheap! DMCI condo switches to Lopez-owned Green Core for power supply

A condominium development owned by bilyonaryo Isidro Consunji’s DMCI Homes has replaced Manny V. Pangilinan’s Meralco as its energy source in a bid to bring down costs.

The property manager of DMCI’s Lumiere Residences in Pasig recently announced that the Lopez family’s Green Core Geothermal Inc. will be the condominium development’s new power supplier.

The shift is expected to result in lower electricity rates for residents as Green Core derives its power supply from geothermal energy, a renewable source.

Residents are expected to see lower electricity bills soon as the shift to Green Core took effect on July 26.

Will other DMCI properties follow suit?