The warning comes from the chairman of Meralco — the distribution giant that posted a record P50.6 billion in core profit in 2025 — who says forcing the power industry to absorb system loss costs could run into tens of billions of pesos

'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…

Meralco executive vice president and COO Ronnie Aperocho. Photo by Jordeene B. Lagare MANILA, Philippines — Manila Electric Co. (Meralco), the country’s biggest power…