Water bills to go up this month

by Alvin Elchico, ABS-CBN News

Posted at Sep 06 2012 06:20 PM | Updated as of Sep 07 2012 05:43 PM

MANILA, Philippines - Consumers should brace themselves for higher water bills this month. Water concessionaires Maynilad Water Services and Manila Water are implementing an upward adjustment in water bills this month due to the foreign currency differential adjustment (FCDA). 

Maynilad will remove the P1/cubic meter discount on the tariff. 

Maynilad customers will experience an average increase of P0.89/cubic meter, although some customers will have a higher rate spike. For those consuming 20 cubic meters a month, the increase is P19. For 30 cubic meters, the hike is P27.95. 

For Manila Water customers, the increase is P0.39/cubic meters, which translates to a P4 increase for those using 20 cubic meters. For those consuming 30 cubic meters, the increase will be P9. 

The FDCA is as a tariff mechanism formulated to account for foreign exchange loses or gains arising from the payment of concessional loans and foreign currency-denominated borrowings of the Metro Manila Waterworks and Sewerage System (MWSS) as well as loans of the companies for service expansion and improvement of its services.

Ayala-led Manila Water is the concessionaire for the East Zone, while Maynilad, a joint venture of Metro Pacific Investments Corp. and DMCI Holdings Inc., is the concessionaire for the West Zone.