Maynilad to adjust water tariff by January
Beginning January 1, 2018, residents in the West Zone consuming 10 cubic meters or less every month (lifeline customers) will see their water bill increase by P2.70 from P118.95 to P121.65, while those consuming 20 cubic meters every month will see their water bill increase from P445.56 to P455.74, a difference of P10.18.
Meanwhile, households consuming 30 cubic meters a month will note an increase of P20.78 in their water bill, from the current P909.54 to P930.32.
This, as Maynilad Water Services, Inc. (Maynilad) implements an average basic rate adjustment of P0.97 per cubic meter (/cu.m.), equivalent to 2.80 percent of the P34.51/cu.m. average Basic Charge in 2017, which represents the Consumer Price Index (CPI) adjustment.
The Metropolitan Waterworks and Sewerage System (MWSS) also granted Maynilad a Foreign Currency Differential Adjustment (FCDA) equivalent to 0.60 percent as applied to the newly approved 2018 Average Basic Charge of P35.48/cu.m., beginning 1st quarter of 2018.
Despite the downward adjustment of an average of P0.17/cu.m. in the FCDA, the overall impact of the CPI and FCDA adjustments is an increase in the monthly water bills of Maynilad customers for the 1st quarter of 2018.
FCDA is a tariff mechanism granted to utility companies to allow it to recover losses or give back gains arising from the fluctuating movements of the peso against other currencies.
This is because Maynilad pays foreign-dominated Concession Fees to MWSS as well as loans to fund service improvement projects.
Maynilad is an agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain areas), Quezon City (certain areas), Makati (certain areas), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon—all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario—all in Cavite province.