It is indeed a season of giving and good news!
According to GMA News Online, the Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS-RO) approved the foreign currency differential adjustment or FCDA last Tuesday, which resulted in an adjustment to our water bills next year.
In the MWSS website, FCDA or Foreign Currency Differential Adjustment 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.
As stated in the article, the Manila Water will reduce its rates by 26 centavos per cubic meter. This means users consuming 10/cu.m. or less will pay P1.38 less per month. Moreover, the Manila Water, along with Maynilad, is implementing a 19-centavo/cu.m. decrease in water rates.
Here are the example calculations according to users and market:
For Lifeline users, or identified as the “poorest customers” by MWSS-RO and Manila Water:
The calculation of users who will consume 10/cu.m. or lower, will find their monthly bills lower by P1.12. (Source: GMA News Online)
For volatile market:
The calculation for users who will consume 20/cu.m. will pay P2.41 less in their water bills, and those consuming 30/cu.m. can save up to P5.03/cu.m. (Source: GMA News Online)
The Manila Water caters to the following cities and municipalities and other concession areas:
- Makati
- Mandaluyong
- Pasig
- Pateros
- San Juan
- Taguig
- Marikina
Concession areas:
- southeastern Quezon city
- Sta. Ana
- San Andres
- San Mateo
- Rodriguez
- Cainta
- Taytay
- Angono
- Baras
- Binagonan
- Jala-jala
- Antipolo City in Rizal
Meantime, Maynilad caters to most of Manila’s households and parts of the following cities:
- Quezon City
- Makati
- Caloocan
- Pasay
- Parañaque
- Las Piñas
- Valenzuela
- Navotas
- Malabon
The effectivity of the adjustment will be on January 1, 2016, and will reflect on the beginning of February bill.
We hope our economy will continue to improve next year, so we can enjoy more perks like this!
I’m glad about this adjustment as at least, my bills will be lower next year. How about you?
