Forex adjustments hit water users
‘It is a corrective mechanism formulated by the MWSS RO to avoid under-recovery or over-recovery caused by forex movements.’
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‘It is a corrective mechanism formulated by the MWSS RO to avoid under-recovery or over-recovery caused by forex movements.’
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Customers of Maynilad Water Services Inc. will see a slight increase in their water bills starting in July, following the approval of the Foreign Currency Differential Adjustment (FCDA) for the third quarter by the Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS RO).
At a media briefing on Friday, MWSS RO Chief Regulator Patrick Lester Ty said Maynilad, which serves the West Zone, will implement a fare cut of 0.64 percent of its 2025 average basic charge of P51.40 per cubic meter, or a reduction of P0.329 per cubic meter.
It reflects an upward adjustment of P0.005 from the second quarter’s P0.334 per cubic meter.
Lower rate up
Meanwhile, customers of Manila Water Co., which operates in the East Zone, will benefit from a lower rate.
The company will apply an FCDA of 1.12 percent of its 2025 average basic charge of P47.10 per cubic meter, equivalent to P0.53 per cubic meter, mirroring a downward adjustment of P0.12 from the previous quarter’s P0.65 per cubic meter.
Tariff mechanism
The FCDA is a tariff mechanism reviewed every quarter to reflect the impact of foreign exchange fluctuations since both concessionaires pay off foreign currency-denominated loans used to fund service improvements.
“It is a corrective mechanism formulated by the MWSS RO to avoid under-recovery or over-recovery caused by forex movements,” Ty said.
