MANILA - Maynilad and Manila Water customers will see lower water rates by Jan. 1 next year.
Manila Water will cut water rates by P0.14 per cubic meter, while Maynilad will slash P0.05 per cubic meter, as announced by the Metropolitan Waterworks and Sewerage System (MWSS).
The two water concessionaires attribute the rate cut on "foreign currency differential adjustment" or FCDA, as the Philippine peso strengthened against the US dollar and Japanese yen.
For Manila Water residential customers, they can expect a P0.76 reduction in their monthly bill for those consuming 10 cubic meters or less, P1.69 lower for 20 cubic meters, and P3.54 for 30 cubic meters.
Maynilad customers can see a P0.05 cut on monthly bill for usage of 10 cubic meters or less, P0.64 less for 20 cubic meters, and P1.30 for 30 cubic meters.
Manila Water services the East Zone which covers 23 cities and municipalities in Metro Manila and nearby provinces.
Maynilad, on the other hand, provides water for the West Zone which includes Manila, parts of Quezon City, Makati City, Caloocan, Pasay, Paranaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon, as well as select areas in Bacoor and Imus and the towns of Kawit, Noveleta and Rosario in Cavite.