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No tariff adjustments in Manila Water, Maynilad rates until September -MWSS
By JON VIKTOR D. CABUENAS, GMA News There will be no tariff adjustments on the water bills of both Manila Water Co. Inc. and Maynilad Water Services Inc. until September, the Metropolitan Waterworks & Sewerage System (MWSS) announced Monday.
MWSS chief regulator Patrick Lester Ty said there will be no adjustment in the Foreign Currency Differential Adjustment (FCDA) for both concessionaires in the third quarter.
"The MWSS Board of Trustees has recently approved the recommendation of the MWSS RO to retain the prevailing 2nd quarter FCDA this upcoming quarter based on its evaluation of the FCDA proposals of the Concessionaires," he said in a statement.
The FCDA is a mechanism which allows water concessionaires to recover losses or refund gains from movements of the peso against other currencies such as the US dollar, the Japanese yen, and the euro.
With this, Manila Water will continue to implement an FCDA of 48 centavos per cubic meter, equivalent to 1.69% of its 2020 average basic charge of P28.52 per cubic meter.
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Manila Water is the east zone concessionaire which services 23 cities and municipalities in Metro Manila and Rizal.
These include Mandaluyong, Makati, Pasig, Pateros, San Juan, Taguig, Marikina, and parts of Quezon City and Manila. The towns of Angono, Baras, Binangonan, Cainta, Cardona, Jalajala, Morong, Pililia, Rodriguez, Tanay, Taytay, Teresa, San Mateo, and Antipolo in the province of Rizal are also part of the east zone.
Meanwhile, Maynilad will continue to apply an FCDA of 8 centavos per cubic meter, equivalent to -0.21% of its 2020 average basic charge of P36.24 per cubic meter.
Maynilad currently serves customers in the cities of Caloocan, Las Piñas, Makati, Malabon, Manila, Muntinlupa, Navotas, Parañaque, Pasay, Quezon, Valenzuela.
It also services certain areas in Cavite such as the cities of Bacoor, Cavite, and Imus; and the towns of Kawit, Noveleta, and Rosario.—AOL, GMA News