MANILA, Philippines, September 15 (Eagle News) — In an advisory, West Zone concessionaire Maynilad Water Services Inc. announced on Monday (September 15) that there will be a slight increase in its rate that will reflect in October billings.
Said water rate hike was due to higher foreign currency differential adjustment (FCDA).
FCDA is a tariff mechanism based on foreign exchange rate movements in loan payments of water concessionaires for a given year, and expressed as a percentage of the basic charge.
Meanwhile, Maynilad said that the rate will increase to P0.53 centavos per cubic meter.
Maynilad also advised consumers that are consuming 10 cubic meters a month to expect an increase of P0.36 centavos in their water bill.
Maynilad also said that households consuming 20 cubic meters will expect an increase of two pesos and residents consuming 30 cubic meters of every month will have an increase of P0.80 centavos.
The water firm said that the water rate adjustment will take effect in October 1 up to December 31, 2015.
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