THE Metropolitan Waterworks and Sewerage System (MWSS) and the water concessionaires of Metro Manila on Monday announced rate adjustments starting October 1 to reflect changes in the Foreign Currency Differential Adjustment (FCDA).
THE Metropolitan Waterworks and Sewerage System and the water concessionaires of Metro Manila on Monday announced rate adjustments starting October 1 to reflect changes in the Foreign Currency Differential Adjustment . Manila Water Co. Inc. will implement an increase of 86 centavos per cubic meter in its 2024 average charge of P42.46 per cubic meter at the start of the fourth quarter.Maynilad Water Service Inc. will lower its FCDA by 29 centavos per cubic meter in its 2024 average charge of P47.
Lifeline customers — low-income households that use 10 cubic or less — of both concessionaires will be exempted from the adjustments.The FCDA is a tariff mechanism granted to the water concessionaires to recover or compensate for fluctuations in the foreign exchange rates arising from their payment of either foreign currency-denominated concession fees to MWSS or foreign currency-denominated loans they obtained for its service improvement projects.
Water Rates Up Maynilad's Going Down
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