Commercial losses definition
Commercial losses means the maximum allowable percentage of electricity generated that is not correctly metered, billed and revenue collected.
Examples of Commercial losses in a sentence
The adjuster should use the following criteria in setting initial indemnity reserves: • Reserve should be set: o Within 10 calendar days after claim assignment or o Within five (5) calendar days after the inspection, whichever occurs first o For Commercial losses, the initial $1,234 reserve is set upon assignment, and updated within seven (7) calendar days after the last day of the final inspection (i.e., multiple buildings or units).
Commercial losses represent energy not billed to the customer due to irregularities causing inaccurate count of the energy used by a consumer.