MANILA - Tariff rates in the July to September water bills will remain unchanged as a mechanism that allows distributors to recover foreign exchange losses will also be kept steady, the regulator said Monday.
The FCDA or foreign currency differential adjustment will be unchanged for both Manila Water Co and Maynilad Water Services Inc, the MWSS said in a statement.
Manila Water Company Inc will keep an FCDA of 1.69 percent of its 2020 average basic charge of P28.52 per cubic meter or P0.48 per cubic meter, MWSS said.
Maynilad Water Services Inc will continue to implement an FCDA of negative 0.21 percent of its average basic charge of P36.24 per cubic meter of negative P0.08 per cubic meter, the regulator said.
President Rodrigo Duterte earlier said he would review the renegotiated Maynilad and Manila Water deals. Duterte earlier cited onerous provisions in the water concessions.