What is reflected in the Meralco bill is the total amount of energy that is exported to the grid every month. Currently, this figure can be found at the back of the bill under the line NM-Export Energy KWh.
If the NM Export Energy kWh is greater than the bill amount, then it will result to an Excess NM Export Energy that can be applied to future billing/s.
Meralco cannot capture the electricity generated by the RE/Solar panel system without the REC meter. We are currently waiting for ERC approve REC meter standards before installing the said meter.