For property developers, electricity is no longer just another monthly bill.
Cathay Land Inc., the real estate arm of the Cathay Group of Companies, has partnered with COREnergy to place 46 electricity connection points across its industrial and residential developments under the Retail Aggregation Program, a government initiative that allows eligible customers to pool power demand and choose a retail electricity supplier.
The arrangement gives Cathay Land a way to manage electricity use across multiple sites as one portfolio, rather than as separate accounts.
COREnergy is the retail electricity arm of Vivant Energy.
Under the program, Cathay Land can combine smaller electricity loads from different properties to meet the requirements for participation in the competitive retail electricity market. The company said this would help it gain more flexibility in power sourcing, reporting and long-term energy planning.
“Grouping these properties under the aggregation program is a practical step toward more efficient utility management,” said Mary Ann Kocencio, Cathay Land’s vice president for corporate administration.
The deal reflects how large companies with scattered operations are paying closer attention to electricity procurement, as energy prices remain volatile and businesses look for better visibility over costs.
Retail aggregation has been gaining interest among property, manufacturing and commercial companies, which can use combined demand to negotiate with suppliers and manage power planning more actively.
“For businesses with multiple locations, the Power of Choice should not be limited by how their meters are structured,” said Marko Sarmiento, vice president and operations head of COREnergy.
For Cathay Land, the move places electricity procurement alongside other operational decisions that can affect margins, planning and resilience across its developments.
