A decrease in system losses for the last four months is being reported by the Jamaica Public Service Company (JPSCo). System losses are an international industry-wide phenomenon, which sees electric utilities losing some of the power generated over the transmission and distribution system. In a press release, the JPS stated that the overall system losses for JPS, last month, stood at 25.94%, a 0.43% reduction on the 26.37% recorded for October. This, the JPSCo said represents the fourth consecutive decline in monthly system losses, since the 27.01% peak experienced in June and July of this year. The decline in November was also the most significant in the past four months, while also representing the first decline in the 12 months rolling average since January 2013. In 2013, the JPS stated that it has invested US$7.261M in measures to reduce the system loss experienced by the Company.