MANILA, Philippines – Water rates in Metro Manila will increase this October following the approval of rate hikes requested by concessionaires, Maynilad Water Services Inc. and Manila Water Company.
In a statement, the board of trustees of the Metropolitan Waterworks and Sewerage System (MWSS) said it has approved the implementation of the Foreign Currency Differential Adjustment (FCDA) for Manila Water and Maynilad covering fourth quarter of 2019.
Manila Water will impose an increase of P0.69 per cubic meter (cu.m.), equivalent to 2.43 percent of its average basic charge of P25.52 cu.m. This is higher than the P0.52 cu.m. increase in the third quarter of this year.
This translates to additional P0.93 per month for those consuming 10 cu.m., and additional P2.06 and P4.20 for households using 20 cu.m. and 30 cu.m., respectively.
Manila Water provides supply and services to the east zone of Metro Manila.
Meanwhile, Maynilad customers will see P0.13 per cubic meter increase in their bill this month or negative 0.35 percent of its average basic charge set at P36.24 per cubic meter or negative P0.13 per cubic meter.
This means that those using 10 cubic meters each month will pay P0.09 higher in their dues, P0.34 for those consuming 20 cubic meters while P0.70 for those consuming 30 cubic meters per month.
The FCDA is a tariff mechanism used to recover or compensate for fluctuations in foreign exchange rates as water concessionaires pay foreign-dominated fees and loans to fund projects that will improve their services.
The MWSS said gains and losses can arise from the payment of concession loans and foreign currency-dominated debt whose proceeds are used to improve services.
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