System losses and market discipline: Reforming loss recovery, utility accountability, and Philippine power market design

WIRE — By Ricardo G. Barcelona and Monalisa Dimalanta (Part 2) MERALCO, COOPERATIVES, AND ASYMMETRIC PROFIT IMPACT The financial impact of disallowing inefficient system losses will be asymmetric. The current debate is framed by caps set by the Energy Regulatory Commission (ERC) of 5.50% since 2021 for private distribution utilities and higher limits for electric cooperatives. Meralco

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