MANILA – Water concessionaires have started charging the foreign currency differential adjustment (FCDA) for the January consumption of all customers.
Consumers will see the increase in their February bill.
Maynilad has approved an FCDA of P0.38/cubic meter, while Manila Water will implement an adjustment of P0.36/cubic meter.
But Manila Water admits it still charges to its customers items which were disallowed by the Metropolitan Waterworks and Sewerage System (MWSS) in its September 2013 decision, which was brought by both concessionaires to arbitration.
These include the passing of corporate income tax to consumers and the charging of corporate social responsibility and sponsorship expenses to the consumers.
"If they say that we will return it, we will return it," said Manila Water spokesman Jeric Sevilla.
Based on the earlier decision, Manila Water asked for a P5.83/cubic meter hike but was asked to lower the rate instead.
Maynilad, on the other hand, asked for a hike of P8.58/cubic meter but was also ordered to decrease its rates.
Both concessionaires asked for arbitration from the international chamber of commerce where a decision is yet to be issued.
Meanwhile, MWSS Regulatory Office head Joel Yu admits both concessionaires made a profit even without any spike in rates.
"In the measure of profitability, if you look at profits, they earned profits," said Yu.
According to Yu, while both concessionaires can still charge income tax and other disallowed charges, it will still be up to the regulator if it will be approved.