Meralco to refund P278 M to consumers
The Energy Regulatory Commission (ERC) has ordered Manila Electric Company (Meralco) to implement a refund of its net over-recoveries at the rate of P0.0107 per kilowatt hour or a total of P278 million.
“While the reduction to the electricity bill may be minimal, the ERC’s actions actually averted a rate increase that would have been inevitable [...]
Philippine shares up .54%
The Philippine Stock Exchange index was up 0.54 percent on Friday’s trading with all shares ending high with 0.48 increase. Financials suffered a blow and dropped to -0.43 while Industrial stocks rallied to end the day with 1.03 percent up.
Total trades were 6,889 with a volume of 1,031,871,345. There were 51 advances and 45 declines. [...]
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