Aguy! Water rates in Metro Manila to rise next month

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Water rates in Metro Manila are expected to increase next month.

Metropolitan Waterworks and Sewerage System administrator Rey Velasco explained that the adjustment is caused by the peso’s depreciation against the dollar and not due to the onset of the rainy season as some have suggested.

“It has nothing to with the rainy days, every quarter ‘yan na meron tayong computation…,” he said in a radio interview.

He noted that the adjustment in water rates is done every quarter, and depend on the exchange rate.

Velasco was referring to the foreign currency differential adjustments (FCDA) of P0.99 per cubic meter for Manila Water and P0.06 per cubic meter for Maynilad approved by the MWSS for July.

This translates to an increase of P5.21 per month for Manila Water customers consuming 10 cubic meter and an additional P0.23 per for Maynilad customers.

Manila Water customer who consume 20 cubic meters will see an increase of P11.15 in their water bills, while Maynilad customers will have an increment of P0.86.

The FCDA is a mechanism that accounts for foreign exchange losses or gains arising from the loans of MWSS and private sector concessionaires for capital expenditures and concession fees.

“‘Yan ay every quarter ‘yan ay tinatawag na dollar adjustment so every quarter yan, alam naman ng ating nga kababayan na ang utang ng mga yan ay in dollars. Nakalagay sa concession agreement kapag tumaas ang dollar tataas ang rate at kung bumababa ang dollar rate sa peso ay baba. Kaso tumataas ngayon eh,” Velasco said.