Maynilad to adjust water tariff by July
June 09, 2015
The Metropolitan Waterworks and Sewerage System (MWSS) granted Maynilad a Foreign Currency Differential Adjustment (FCDA) for the 3rd quarter of 2015 equivalent to 1.26% of the Average Basic Charge of P33.60/cu.m., or P0.42/cu.m. This adjustment shall be effective from July 1, 2015 until the end of September 2015.
For Maynilad customers consuming an average of 10 cu.m. per month or less, the adjustment will translate to an increase of P0.11 in their monthly water bill. Those consuming 20 cu.m. per month will see a monthly bill increase of P0.44, while those consuming 30 cu.m. per month will have an additional P0.87 in their monthly bill.
FCDA is a tariff mechanism granted to utility companies to allow it to recover losses or give back gains arising from the fluctuating movements of the peso against other currencies. This is because Maynilad pays foreign currency-denominated Concession Fees to the MWSS, as well as loans to fund service improvement projects that will expand and modernize water and sewerage services for its customers in the West Zone.
Moreover, the company is sustaining its program to reduce water losses or non-revenue water and bring it to the underserved or unserved sectors in the West Zone. Maynilad is also accelerating its sewerage and sanitation programs that will reduce pollution load in waterways.