Maynilad, Manila Water adjust rates

Posted at 06/17/13 5:32 PM

MANILA, Philippines - Maynilad Water Services Inc. is raising water charges by P0.17 per cubic meter starting July 3, while Manila Water is cutting its own rates.

In a statement, Maynilad, the west zone concessionaire, cited the weakening peso for the increase, which will be reflected in the August bill of its customers. From the average all-in-tariff of P46.56 per cubic meter, the rate will increase to P46.73 per cubic meter.

A household consuming 10 cubic meters or less every month will see their bill increase by P0.39 from P119.12 to P119.51, while those consuming 20 cubic meters every month will see their water bill increase from P422.35 to P423.82, a difference of P1.47.

Next month's water hike is separate from Maynilad's proposal for a near P6 increase now pending before the MWSS.

Meanwhile, the east zone concessionaire Manila Water is cutting its rates by P0.54 per cubic meter in July also due to the foreign currency differential adjustment (FCDA).

"The FCDA component of the water bill will be adjusted to negative 0.37% of the second quarter of 2013 to negative 1.97% of the basic charge for the third quarter of 2013," Manila Water told the stock exchange.