(Eagle News) — Maynilad announced on Friday a hike in its prices starting January next year.
In a statement on Friday, the utility firm said it will implement an average basic rate adjustment of P0.97 per cubic meter, which is equivalent to 2.80 percent of the P34.51 per cubic meter average basic charge in 2017.
“A foreign currency differential adjustment equivalent to 0.60% as applied to the newly approved 2018 average basic charge of P35.48 per cubic meter” will also be implemented, Maynilad said.
As a result, Maynilad customers consuming 10 cubic meters or less every month (lifeline customers) will see their water bill increase by P2.70, from P118.95 to P121.65.
Maynilad said those consuming 20 cubic meters every month will see their water bill increase–from P445.56 to P455.74, or a difference of P10.18.