No more VAT on system loss in electricity bills starting October
While the VAT removal is still welcome relief, expect savings to be modest as the much larger underlying system loss charge is unlikely to disappear from electricity bills anytime soon
While the VAT removal is still welcome relief, expect savings to be modest as the much larger underlying system loss charge is unlikely to disappear from electricity bills anytime soon
Explore this interactive map to see how high the system losses have been in your area
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(1st UPDATE) In his fifth SONA, the President seeks quick, consumer-facing wins by pushing to raise the annual personal income tax exemption threshold to cover more middle-income Filipinos and end system loss charges on electricity bills
(1st UPDATE) System loss, which accounts for about 5% of a Meralco bill, includes electricity lost to illegal connections and metering errors. The key question legislators need to answer is who will absorb the cost instead.
‘System loss is not unique to any distribution utility but is a common operational aspect of the delivery of electricity,’ Meralco says in a statement, adding that its system loss rate was ‘well below’ the 6.5% cap set by regulators
Behind that popular declaration lies a complicated regulatory system that has protected distribution utilities from costs that most businesses would normally be expected to manage
System loss, which accounts for about 5% of a Meralco bill, includes electricity lost to illegal connections and metering errors
This year’s SONA seems to be a bit more polished and better crafted—in form, at least. In terms of substance, though, it’s terribly populist.