Water rates go up in October

Metropolitan Waterworks and Sewerage System (MWSS) granted utilities Maynilad Water Services, Inc. and Manila Water Corp. their quarterly Foreign Currency Differential Adjustments (FCDA) for the fourth quarter of the year, a development that would push the water rates up next month.

FCDA is a tariff mechanism granted to water concessionaires to allow it to recover losses or give back gains arising from the fluctuating movements of the peso against other currencies.

Maynilad will particularly implement a slight increase in its FCDA starting October 1, 2017. Maynilad customers consuming 10 cubic meters or less every month will see their water bill increase by P0.34 from P118.61 to P118.95, while those consuming 20 cubic meters every month will see their water bill increase from P444.29 to P445.56, a difference of P1.54.

Meanwhile, households consuming 30 cubic meters a month will note an increase of P2.60 in their water bill, from the current P906.94 to P909.54.

The increase in water tariff for Maynilad customers is due to an upward adjustment in the FCDA by P0.11/cu.m. from the previous quarter, following the depreciation of the Philippine peso.

The adjustment – equivalent to 1.09 percent of the Average Basic Charge of P34.51 per cubic meter or P 0.38/cu.m. – shall be effective from October 1 to December 31, 2017.

Maynilad is an agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain areas), Quezon City (certain areas), Makati (certain areas), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon – all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario – all in Cavite province.

Manila Water customers consuming up to 10 cu.m. per month will have an increase of P1.22, while those consuming an average of 20 cu.m. will have an adjustment of P2.72. Customers using 30 cu.m. will experience an upward adjustment of as much as P5.55 per month.

Manila Water provides water and used water services to the following areas: 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.