Water rates: Manila Water up, Maynilad down

From: inquirer.net

Manila Water has announced that the foreign currency differential adjustment (FCDA) will slightly raise water rates by P0.08 per cubic meter in its area.

Manila Water customers using 20 cubic meters per month would pay P1 more per month than their present rate. The average consumption, which is 30 cubic meters per month, will result in a P2 increase from the present monthly bill.

This is because of the depreciation of the peso versus the Japanese yen (P0.5253 to P0.5302) during the third quarter.

The adjustment takes effect starting October 7 but the impact will be felt in the November bills, Manila Water said.

Maynilad, meanwhile, said it had more dollar exposure in the third quarter so the FCDA component of its water rates moved differently.

Maynilad said customers consuming 10 cubic meters of water and below per month will enjoy a 0.22 centavo reduction in their monthly water bill.

The average consumption across water networks is 30 cubic meters per month. Households at this level of usage will enjoy a P1.66 reduction on their monthly water bill, Maynilad said.

The Manila Water concession area includes some parts of Quezon City and Makati, Taguig, Pateros, Marikina, Pasig, San Juan, Mandaluyong, the southeasterns parts of Manila, and Rizal province.

The Maynilad concession area includes the cities of Manila (all but portions of San Andres and Sta. Ana), Quezon City (west of San Juan river, West Avenue, EDSA, Congressional, Mindanao Avenue, the northern part starting from the districts of Holy Spirit, and Batasan Hills), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, and Malabon. ###