How does voltage drop works?

Do i get it right? If i have 3 LV electrolyzers 32 blocks away from power storage, they need 3 packets of their rated voltage of 32eu/t so i have to send 1 packets of 128 eu/t, transformer it into 32eu/t and ill have 3 packets of 32eu/t and the fourth one is gone in losses?

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