Manila Electric Company

All sectors ended in negative territory, with conglomerates posting the steepest decline at 2.37%.

Only five index members advanced, led by Manila Electric Company, which gained 1.48%.

Across the broader market, decliners outnumbered advancers, with 106 stocks falling, 61 rising and 78 unchanged.

Hard, hungry times.

The rate increase that the government granted to the Manila Electric Company, Moralco, the utility giant that earned more than P51 billion last year, was announced at about the same time a survey revealed its heartbreaking findings.

55% of Filipino families, or 16.8 million, rated themselves as poor.

That is, perhaps, the most embarrassing admission that humans could ever make.

Mm.

Uh, in Metro Mani- Manila, because the grid is stable and just use the Meralco, uh, grid, so the price, it won't, won't... it's not that expensive.

So the ROI may be around four to five years.

So it depends.

Meralco ordered to refund P2.64B to consumers for overcharges.

The Energy Regulatory Commission, ERC, on Monday ordered Manila Electric Company, Meralco, to refund P2.64 billion to consumers for the lapsed period of January to June 2026.

In a statement on Monday, the ERC said Meralco must initially refund P2.64 billion or an average rate of P0.1020 per kilowatt-hour, kWh, to all types of consumers over a six-month period.

Residential and general service consumers, business or commercial electricity consumers whose contracted capacity or load does not exceed five kilowatts, along with flat streetlight accounts, will receive the highest refund rates, which is at P0.1733 per kilowatt-hour and at P0.1764 per kilowatt-hour, respectively.

The ERC said that the refund is provisional and is based on its initial evaluation, and the amount remains subject to review and verification in its final evaluation of the application, which has been set for hearing on October.16 to 23, 2026, and any adjustment will be made accordingly.

According to the commission, this development is the last of the lapsed period covered by its confirmation process as it has approved Meralco's rate reset with the start of the distribution utility's first regulatory period on July 1st, 2026.

The ERC said that confirmation process for lapsed periods, it regularly checks whether the distribution rates they actually charged customers match what it was allowed to collect based on its real revenues and electricity sales.

This process uses the actual weighted average tariff.

Our top story.

The Energy Regulatory Commission, or ERC, has ordered Meralco to initially refund to consumers a total of two point sixty-four billion pesos.

This is for the lapsed period of January to June 2026.

The refund will have an average rate of about ten centavos per kilowatt hour.

China is the biggest source of atmospheric SF6, but it is potentially a problem anywhere there is any kind of grid or distribution infrastructure.

So I queried both the National Grid Corporation of the Philippines, NGCP, and the Manila Electric Company, Meralco, about how they handled it.

But unfortunately, there was not enough time for either to respond before that column's deadline.

In the interim, however, the NGCP has talked to its engineering people and provided some clarification, so an update is in order.

this is good for either residential or commercial.

If you look at your bill, let's say Morocco bill, uh, you get to see the generation cost.

Mm-hmm.

That would be the most controll- controllable one.