Consumers face higher water rates next month.
By Madelaine Miraflor
The government allowed the country's major private utilities-- Maynilad Water Services, Inc. (Maynilad) and Manila Water Corp. (MWC)-- to jack up water rates starting next month due to several factors such as higher prices of goods and the depreciation of peso.
Beginning January 1, 2018, residents in the West Zone will have adjusted water rates as Maynilad implements an average basic rate adjustment of P0.97 per cubic meter, equivalent to 2.80 percent of the P34.51 per 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 per cu.m., beginning 1st quarter of 2018.
"Despite the downward adjustment of an average of P0.17 per 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," Maynilad said.
Maynilad customers 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.
Manila Water, on the other hand, is set to do the same but is yet to release official computations.
A resident checks his water meter at barangay New Era in Philcoa, Quezon City. (CAMILLE ANTE / MANILA BULLETIN FILE PHOTO)
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|Title Annotation:||Business News|
|Date:||Dec 15, 2017|
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