Water rates to go down next month

MANILA, Philippines – Customers of Manila Water Company Inc. and Maynilad Water Services Inc. will have their water rates cut effective next month, according to the Metropolitan Waterworks and Sewerage System (MWSS).

Rates for Manila Water will be reduced by P0.26 per cubic meter, while P0.19 will be deducted per cubic meter for Maynilad customers.

For Manila Water residential customers consuming 10 cubic meters a month, P1.38 will be deducted and consumers of 20 and 30 cubic meters will see rates cut by P3.06 and P6.36.

Commercial consumers can also save up to P63.51 for 100 cubic meters and P158.71 for 250 cubic meters.

On the other hand, Maynilad residential customers consuming 20 cubic meters per month will see their bills reduced by P2.41, while 30-cubic meter consumers can expect a P5.03 decrease from their monthly bill.

The decrease in water rates is a result of the approval of MWSS on the foreign currency differential agreement (FCDA), which is a mechanism to adjust water rates as a result of fluctuation in foreign exchange rates.

The FCDA is determined on a quarterly basis, taking into account actual losses and collections to ensure that there is no under or over recovery.

Manila Water services the East Zone encompassing parts of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, most parts of Quezon City, portions of Manila, as well as several towns in Rizal.

It operates three other subsidiaries, the Laguna AAA Water Corp., Boracay Island Water Corp. and Clark Water Corp.

Maynilad covers a majority of Manila, western part of Quezon City, Caloocan, and the cities of Pasay, Las Piñas, Muntinlupa, Valenzuela, Navotas, Malabon and a portion of Cavite province.