Customers of Maynilad Water Services Inc. and Manila Water Company Inc. will experience a return on their monthly billing from October to December, said a senior official of the Metropolitan Water and Sewerage Regulatory Office (MWSS) (RO).
At a virtual conference, MWSS Chief Regulator Patrick Ty said Manila Water and Maynilad will implement minor adjustments to their respective Currency Difference Adjustments (FCDA) in the fourth quarter of the year, which will both result in return.
Manila Water was allowed to apply an FCDA of 1.17 percent of the Average Basic Tariff of P28.52 per cubic meter (/cu.m) or P0.33 / cu.m. This is a downward adjustment of P0.15 / cu.m compared to FCDA firms’ third quarter.
Meanwhile, Maynilad will implement an FCDA with 0.26 per cent of the 2019 Average Basic Tariff of P36.24 / cu.m or P0.09 negative / cu.m.
Since gains and losses can come from paying off the foreign currency debt of Maynilad and Manila Water, the FCDA was set up as a tariff mechanism that would allow concessionaires to recover or offset fluctuations in foreign exchange rates. The FCDA is approved quarterly.
Ty said the impact of this adjustment for Manila Water customers consuming 10 cubic feet or less, in addition to rescue customers exempt from FCDA quarterly tariffs will be a return of P0.78 on monthly billing.
Those consuming 20 cubic meters per month and 30 cubic meters per month, on the other hand, will see a decrease of P1.73 and P3.52 respectively in their water bills.
Ty said this will slightly attract the monthly bills of Maynilad customers who consume 10 cubic meters or less for P0.06, while those who consume 20 cubic meters per month and 30 cubic meters per month will pay less with P0.24 and P0.50, respectively.
For the third quarter of this year, MWSS-RO recommended that the FCDA of the second dominant quarter be maintained. Therefore, Maynilad and Manila Water did not implement any adjustments to their respective water rates from July to September.
Maynilad provides water and wastewater services to residents in most of Manila; the northern and western parts of Quezon City; the western parts of Makat; and the Cities of Caloocan, Pasay, Paraaque, Las Pias, Valenzuela, Muntinlupa, Navotas and Malabon in Metro Manila.
It also serves the municipalities of Meycauayan and Obando in Bulacan Province; and the Towns of Cavite, Bacoor and Imus, and the Municipalities of Kawit, Noveleta and Rosario in the Province of Cavite.
Meanwhile, Manila Water serves the Eastern Zone concession area covering the Cities of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig and Marikina.
Alsoshtë also responsible for the southeastern parts of Quezon City and Sta. Ana and San Andres in Manila. In the Province of Rizal, MWCI serves in the City of Antipolo and the Municipalities of San Mateo, Rodriguez, Cainta, Taytay, Teresa, Angono, Baras, Binangonan and Jala-jala.
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