Cathay Land Inc. has tapped COREnergy to bring 46 electricity connection points across its property portfolio into the Retail Aggregation Program, as the developer seeks to manage power costs across multiple sites.
The company, the real estate arm of the Cathay Group of Companies, will aggregate smaller electricity loads from its industrial and residential developments to qualify for participation in the competitive retail electricity market.
COREnergy is the retail electricity arm of Vivant Energy.
Cathay Land said the arrangement would allow it to manage power sourcing, reporting, and long-term electricity planning across its nationwide portfolio more centrally.
“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 agreement comes as more property developers and large businesses with multiple locations look at retail aggregation to gain better visibility over electricity costs and supplier options.
The Retail Aggregation Program allows eligible customers to combine demand from several facilities so they can participate in retail competition and choose their electricity supplier.
COREnergy said businesses with multiple locations often face technical and regulatory hurdles in accessing the market.
“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.
Cathay Land said the partnership forms part of its broader push to improve operational efficiency and sustainability across its developments.
