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The Board of Trustees (BOT) of the Metropolitan Aqueduct and Sewerage System (MWSS) approved the fourth quarter foreign currency differential adjustment (FCDA) as of October 1.
Under the FCDA, which was recommended by the MWSS Regulatory Office, Manila Water Co. Inc. (MWCI) will implement a reduction of P0.33 per cubic meter.
This is a 1.17 percent reduction from the company’s 2020 average base load of P28.52 per cubic meter.
FCDA is a mechanism that allows MWSS private water concessionaires to recover losses or return profits derived from fluctuations in exchange rates.
It is a corrective mechanism formulated by the MWSS RO to avoid an insufficient or excessive recovery caused by exchange movements, the mechanism is carried out on a quarterly basis. The previous setting was P0.48 per cu. meter.
MWSS chief regulator Patrick Ty said MWCI residential customers consuming 10 cubic meters or less, except for lifeline customers who are exempt from FCDA quarterly charges, will see a decrease of P0.78 per month on your bills.
Meanwhile, those who consume 20 cubic meters per month and 30 cubic meters per month will see their bills go down by P1.73 and P3.52, respectively.
Meanwhile, Maynilad Water Services Inc. (MWSI), which serves the West Zone concession area, will apply a negative 0.26 percent FCDA of its 2020 Average Base 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 water bills of MWSI residential customers consuming 10 cubic meters or less are expected to drop by P0.06. Those who consume 20 cubic meters per month and 30 cubic meters per month can expect their bills to decrease by P0.24 and P0.50, respectively.
