Iloilo City’s distribution utility is quietly making a big difference at a time when rising electricity costs and environmental issues affect many communities.
MORE Electric and Power Corporation, or MORE Power, led by businessman Enrique Razon Jr., isn’t just keeping the lights on — it’s leading the way with safety, affordability and sustainability at its core.
Since starting operations in 2020, MORE Power has grown into more than just a utility provider.
It has become a trusted partner in the city’s development, earning the distinction of offering the most affordable electricity rates in Western Visayas at P11.3263 per kilowatt-hour.
This can be attributed to the company’s smart energy sourcing strategy.
By securing long-term contracts that cover 66 percent of its electricity supply, MORE Power has reduced its reliance on the more expensive spot market.
This approach helps MORE Power keep prices stable, even when the energy market is unpredictable, said Niel Parcon, MORE Power vice president for corporate energy sourcing and regulatory affairs.
Affordability, however, is only part of the story. MORE Power also places a strong focus on safety.
The company recently became a member of the Safety Organization of the Philippines, Inc. (SOPI), a national group that promotes workplace health, safety and environmental protection.
As of October 2024, the company has recorded an impressive 1.9 million safe man-hours — proof of its commitment to keeping employees and the community safe.
“This membership in SOPI is a testament to MORE Power’s unwavering commitment to safety, health, and environmental protection,” said Roel Castro, MORE Power president and chief executive.
“We are proud to join this esteemed organization and contribute to its mission of promoting a culture of safety across the Philippines.”
MORE Power’s commitment to the community also goes beyond electricity.
The company organized a mangrove planting and coastal cleanup in Barangay Hinactacan on Nov. 5, 2024.
In partnership with local agencies, 200 mangrove saplings were planted — part of a bigger goal to plant 10,000 trees and mangroves across Iloilo City. So far, over 1,000 mangroves and nearly 9,500 trees have been planted.
“This mangrove planting is part of our ongoing commitment to environmental sustainability and reflects our integrated approach to create a cleaner, greener Iloilo City,” Castro said.
“By investing in these green initiatives, we are demonstrating our dedication to being responsible stewards of the environment.”
