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The Metropolitan Waterworks and Sewerage System-Regulatory Office has approved the increase in water service rates for its concessionaires, Manila Water Company Inc. and Maynilad Water Services Inc.At a press conference in Quezon City on Thursday, MWSS-RO Chief Regulator Patrick Ty announced that the regulatory body took into consideration the actual capital spent by the water concessionaires for the period 2023 to 2024 in approving the water rate hike s, which would take effect in January 2025.
For Maynilad, the MWSS-RO thumbed up an adjustment of P7.32 per cubic meter in the tariff rate of their residential customers starting January 2025, bringing its all-in average water rate to P65.62 per cubic meter from P58.30 per cubic meter as of the last quarter of 2024.The adjustment would mean an increase of P10.56 in the monthly bill of a low-income lifeline consumer.
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