MANILA, Philippines – Customers of Manila Water Company Inc. will have to shell out more money to pay for the higher water bills, while those of Maynilad Water Services Inc. will expect lower bills in the second quarter of 2021, the Metropolitan Waterworks and Sewerage System (MWSS) announced on Thursday.

In an advisory, MWSS chief regulator Patrick Ty said the MWSS Board of Trustees has approved the recommendation of the regulatory office (RO) to implement the 2021 second quarter foreign currency differential adjustment (FCDA) effective April 1, based on its evaluation of the FCDA proposals of the concessionaires.

The FCDA is a quarterly-reviewed tariff mechanism that allows concessionaires to recover losses or give back gains arising from fluctuations in foreign exchange rates, as payments are made for foreign currency-denominated loans that are used to fund the expansion and improvement of water and sewerage services.

It is a corrective mechanism formulated by the MWSS RO to avoid under-recovery or over-recovery caused by forex movements.

The MWSS said Manila Water, which services the east zone concession area, will implement an FCDA 0.84% or P0.24 per cubic meter of its 2021 Average Basic Charge of P28.52 per cubic meter.

“This is an upward adjustment of P0.05 per cubic meter from the previous FCDA of P0.19 per cubic meter,” the agency said.

West Zone concessionaire Maynilad, meanwhile, will apply an FCDA of negative 0.41% or negative P0.15 per cubic meter of its 2021 Average Basic Charge of P36.24 per cubic meter.

“This is a downward adjustment of P0.01 per cubic meter from the previous FCDA of negative P0.14 per cubic meter,” the MWSS said.

Ty explained that Manila Water’s FCDA increased as significant portions of the loans of Manila Water are in Japanese yen and in euros which appreciated against the Philippine peso.

On the other hand, the majority of Maynilad’s loans payable for this quarter are in US dollars. Ty noted that the peso appreciated against the US dollar which caused the rollback of P0.01 per cubic meter.

MANILA, Philippines – Water concessionaires, Maynilad Water Services Inc. and Manila Water Company Inc. will slash rates in the first quarter of 2021 following the approval of a quarterly adjustment for the water distribution utilities, the Metropolitan Waterworks and Sewerage System (MWSS) announced Wednesday.

The MWSS Regulatory Office (RO) said that the MWSS Board of Trustees has approved its recommendation to implement the 2021 first quarter foreign currency differential adjustment (FCDA) effective January 1, 2021, ”based on its evaluation of the FCDA proposals of the concessionaires.

The FCDA is a quarterly-reviewed tariff mechanism that allows concessionaires to recover losses or give back gains arising from fluctuations in foreign exchange rates, as payments are made for foreign currency-denominated loans that are used to fund the expansion and improvement of water and sewerage services.

It is a corrective mechanism formulated by the MWSS RO to avoid under recovery or over recovery caused by forex movements.

The MWSS RO said east zone concessionaire Manila Water will implement an FCDA of 0.66% of its 2021 Average Basic Charge of P28.52 per cubic meter or P0.19 per cubic meter.

“This is a downward adjustment of P0.14 per cubic meter from the previous FCDA of P0.33 per cubic meter,” the agency said in a statement.

This translates to a decrease of P0.76 per month for Manila Water’s residential customers consuming 10 cubic meters or less, except lifeline customers who are exempt from the quarterly FCDA charges.

Those consuming 20 cubic meters per month and 30 cubic meters per month are expected to have their bills go down by P1.69 and P3.45, respectively.

West zone concessionaire Maynilad, meanwhile, will apply an FCDA of negative 0.39% of its 2021 Average Basic Charge of P36.24 per cubic meter or negative P0.14 per cubic meter.

“This is also a downward adjustment of P0.05 per cubic meter from the previous FCDA of negative P0.09 per cubic meter,” the MWSS RO said.

This would mean a P0.05 decrease in the monthly bill of Maynilad’s residential customers consuming 10 cubic meters or less.

Those consuming 20 cubic meters per month and 30 cubic meters per month are expected to have a decrease of P0.64 and P1.30, respectively on their bills this coming quarter.

MANILA, Philippines – Customers in Metro Manila may expect decreased water bills next month following the approval of quarterly adjustment for the concessionaires, Manila Water Company Inc. and Maynilad Water Services Inc., the Metropolitan Waterworks and Sewerage System (MWSS) Regulatory Office (RO) announced.

In a statement on Tuesday, the MWSS-RO said the agency’s Board of Trustees has recently approved the recommendation to implement the 2020 fourth quarter Foreign Currency Differential Adjustment (FCDA) effective Oct. 1, 2020.

The FCDA is a quarterly-reviewed tariff mechanism that allows concessionaires to recover losses or give back gains arising from fluctuations in foreign exchange rates, as payments are made for foreign currency-denominated loans that are used to fund the expansion and improvement of water and sewerage services.

It is a corrective mechanism formulated by the MWSS RO to avoid under recovery or over recovery caused by forex movements.

The MWSS said the Manila Water, which services the east zone concession area, will implement an FCDA of 1.17% or P0.33 per cubic meter of its 2020 average basic charge of P28.52 per cubic meter.

“This is a downward adjustment of Php0.15 per cubic meter from the previous FCDA of Php0.48 per cubic meter,” the agency added.

The rate adjustment translates to a decrease of P0.78 per month for Manila Water’s residential customers consuming 10 cubic meters or less.

Those consuming 20 cubic meters and 30 cubic meters per month are expected to have their bills go down by P1.73 and P3.52, respectively.

West zone concessioner Maynilad, on the other hand, will apply an FCDA of -0.26% of its 2020 Average Basic Charge of P36.24 per cubic meter or negative P0.09 per cubic meter.

“This is also a downward adjustment of P0.01 per cubic meter from the previous FCDA of negative P0.08 per cubic meter,” the MWSS said.

This adjustment means that Maynilad residential customers consuming 10 cubic meters or less are expected to see their monthly bills go down by P0.06.

Those consuming 20 cubic meters per month and 30 cubic meters per month are expected to have a decrease of P0.24 and P0.50, respectively on their bills this coming quarter, the MWSS said.