Razon power firms feted for government compliance

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April 29, 2026 | 12:00am

MANILA, Philippines — Two power utilities owned by richest Filipino Enrique Razon Jr. have been recognized for their timely and thorough compliance with key government reportorial requirements.

The Department of Energy (DOE) has lauded Razon’s MORE Electric and Power Corp. and Negros Electric and Power Corp. for their commitment to precision in data management.

The DOE said the power utilities complied with the agency’s circular, which sets supplemental policies for the systematic management of reportorial requirements in the electric industry for 2025.

The circular aims to ensure that reliable and timely data flow from utilities, helping prevent power interruptions amid rising demand driven by industrial growth.

MORE Power is the lone power distributor in Iloilo City, while Negros Power serves Bacolod City and surrounding areas in Negros Occidental.

“Full compliance equips DOE with important insights that may contribute to accelerating projects like grid modernization and renewables rollout,” said Roel Castro, president and CEO of both companies.

“Timely reporting helps streamline DOE approvals, cuts delays and aids in advancing national electrification targets,” Castro added.

The government wants to achieve total household electrification before President Marcos ends his term in 2028.

At least five in every 100 households still has no access to electricity, most of which were in Mindanao, based on the latest available DOE data.

“The DOE has previously flagged persistent data gaps among non-compliant utilities as a constraint in long-term planning, particularly in areas where renewable energy integration and rural electrification depend on accurate consumption and reliability data,” MORE Power said.