Philippine Star
McDonald’s Philippines has partnered with COREnergy, a leading retail electricity supplier in the Philippines, to bring more of its Visayas restaurants into the government’s retail energy program.
Under the agreement, at least 36 McDonald’s stores in Cebu and Negros Island will gain access to competitive electricity rates. Thirty-two stores will join through the Retail Aggregation Program, allowing smaller electricity users to pool their demand, while the remaining locations will participate individually through the Retail Competition and Open Access program.
The partnership is expected to lower electricity costs for participating restaurants by approximately 10 percent and provide greater cost predictability through fixed rates over two years. It will also support the use of solar energy, which is expected to account for 10 to 15 percent of the stores’ electricity supply.
By working with COREnergy, McDonald’s can manage one of its largest operating expenses more strategically while supporting the continued growth and efficiency of its company-owned and franchised restaurants.
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