RESIDENTS in the West Zone will experience a decrease in their monthly water bill effective October 1, 2020 as Maynilad Water Services, Inc. (Maynilad) implements a reduction in its Foreign Currency Differential Adjustment (FCDA) beginning fourth quarter of 2020.
This reduction in Maynilad’s tariff is due to the downward movement in the FCDA equivalent toP0.09 per cubic meter (cu.m.) or negative 0.26% of the Average Basic Charge of P36.24/cu.m.
Meanwhile, to keep the water rates of lifeline customers down, they will continue to enjoy the negative 0.35% FCDA that was implemented since Q1 of 2020. Lifeline customers are those residential customers consuming 10 cu.m. per month or less.
For Maynilad’s residential customers consuming an average of 20 cu.m. per month, the adjustment will translate to a reduction of P0.25 in their monthly water bill. Those consuming 30 cu.m. per month will see a monthly bill reduction of P0.50.
This FCDA adjustment will be effective from October 1, 2020 to December 31, 2020.
FCDA is a tariff mechanism granted to utility companies to allow it to recover losses or give back gains arising from the fluctuating movements of the peso against other currencies. This is because Maynilad pays foreign-dominated Concession Fees to the Metropolitan Waterworks and Sewerage System (MWSS), as well as loans to fund projects that will improve service for its customers.
Maynilad is an agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain areas), Quezon City (certain areas), Makati (certain areas), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon—all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario—all in Cavite.