MANILA, Philippines - Water rates in Metro Manila, Rizal and some parts of Cavite are set to increase beginning January 5, 2015, the Metropolitan Waterworks and Sewerage System (MWSS) said.
MWSS administrator Gerry Esquivel said Manila Water Company and Maynilad Water Services have secured regulatory approval to adjust water rates last Friday, to implement an increase in foreign currency differential adjustment (FCDA).
"The water rate increase is due to the FCDA tariff adjustment, this has nothing to do in the arbitration," he said.
Manila Water corporate communications head Jeric Sevilla said the 1.33 percent increase in FCDA will reflect a water rate increase of P10 to P20 for residential customers consuming 20 to 30 cubic meters a month.
The last time Manila Water, concessionaire for the East Zone, adjusted its FCDA was in the third quarter of 2013.
Low-income house households, or those consuming 10 cubic meters a month or less, will be exempt from the adjustment.
West Zone concessionaire Maynilad will implement a 1.12 percent increase in FCDA. Residential customers using 30 cubic meters a month will pay P9 more. - ANC