The ERC shouldn't just focus on the unfair imposition of system loss charges by Meralco to its consumers, but should reexamine the items included in the computation of the Rate on Return Base formula as well. This is used by the distribution utility firm to set its rates. If I'm not mistaken, the formula includes the company's income tax obligations to the government. In other words, even Meralco's taxes are being shouldered by its electricity consumers.
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