You should be able to troubleshoot this fairly easy with a multimeter. I found a schematic - link posted below. It is a .jpg. You should have one on the inside of your machine.
There are only a few components. *** Note - any resistance/continuity measurements should be done with the power off and disconnected ***
You should have 220v on the input. Did you check that from the source? I am making the assumption input power is good based on what you wrote.
I would start troubleshooting in this order (you have probably done many of these things)-
Check source power for 220vac
Check fuses
Since you have a constant 12.5v - Check continuity of the selector switch. (power off) Place one lead on the electrode and the other to the corresponding switch positions.
Transformers usually fail with a hard open circuit. If the selector switch checks good. Then ohm out the transformer & reactor.
Ohm out the primary side of the transformer.
Then each tap of the secondary.
You can ohm x5 - x4 x5 to x3 x5 to x2 x5 to x1 resistance should increase slightly.
Same thing through the reactor x5 to x6 x5 to x7 x5 to x8 all the way through to x12, you get the picture.
If things are interconnected and ohm through each other, then disconnect a lead so you are only ohming though the exact component you are trying to measure. There is not much after that.
Clear as mud?