Philippine Power Industry Warns of Collapse Over President's System Loss Charge Directive
The Philippine power industry is sounding the alarm over President Marcos Jr.'s directive to remove system loss charges from electricity bills, warning of potential collapse. Meralco's chairman stated that absorbing these losses could cost 'tens of billions of pesos' and lead to industry insolvency. The burden of technical and non-technical losses now falls on Congress and regulators.
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