Manila Water to hike rates next month

July 29, 2017 - 1:58 AM
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FROM AROUND THE WEB

MANILA – Manila Water Company, Inc. will hike water rates starting August 13. This, after the Manila Waterworks and Sewerage System (MWSS) approved a 1.12 percent increase or 28-centavo per cubic meter hike in the Foreign Currency Differential Adjustment (FCDA) for the third quarter of 2017.

“Regular customers consuming 10 cubic meters will have to pay P136.99 per month up by P1.46 from the previous P135.53 per month. Consumers with a monthly consumption of 30 cubic meters will now pay P614.80 which is P6.61 higher than the previous quarter’s P608.19,” Manila Water said in a statement Friday.

“Lifeline customers or low-income households consuming 10 cubic meters or less are exempt from the adjustment and will continue to pay only P79.81 per month,” the firm noted.

Manila Water provides water and used water services to areas such as Mandaluyong, Pasig, San Juan, Marikina, Pateros, Taguig, Makati, southeastern part of Quezon City and San Andres and Sta. Ana in Manila including several towns of Rizal Province which include San Mateo, Rodriguez, Antipolo, Cainta, Taytay, Angono, Binangonan, Baras and Jalajala.

Meanwhile, FCDA is a tariff mechanism to account for foreign exchange losses or gains arising from the payment of Manila Water of concession loans and foreign currency-denominated borrowings of the MWSS as well as the loans of
Manila Water for service improvement and expansion.

With the depreciation of the Philippine peso against United States dollar and other foreign currencies in the past months, FCDA for Q3 2017 was applied.