Water bills are placed on top of a water meter in a file photo.
Starting next month, there will be a reduction in water rates of Maynilad and Manila Water.
The two concessionaires will implement a 1-centavo reduction to all their customers.
The Metropolitan Manila Water and Sewerage System based the reduction on the foreign currency diffrential adjustment (FCDA).
FCDA is a mechanism granted to Maynilad and Manila Water to recover or refund gains based on the movement of dollar, yen and euro.
When the peso strengthens against the dollar, the FCDA goes down. If the FCDA goes up, the peso depreciates.
“There is a slight adjustment in the FCDA because there is also a slight movement of peso versus the dollar and yen,” explained MWSS chief regulator Joel Yu.
Maynilad said, even if it is just a centavo, it is still good news to all their consumers.
“But even if the adjustment is small, it is still a reduction to the bill of consumers,” Maynilad COO Randolph Estrellado said.
For Maynilad customers that consume 10 cubic meter every month, there will be a 2-centavo decrease, for 20 cubic meter, 11 centavos, for 30 cubic meter, 20 centavos.
For customers of Manila Water that consume 10 cubic meter per month, there will be a 2-centavo reduction, for 20 cubic meter, 6 centavos, for 30 cubic meters, 13 centavos.
Manila water supplies water in Mandaluyong, Pasig, San Juan, Pateros, Taguig, Marikina and some parts of Quezon City and Rizal province.
Maynilad supplies water to Manila, Quezon City, Makati, Caloocan, Paranaque, Muntinlupa, Las Piñas, Valenzuela, Navotas and Malabon.
(MON JOCSON/UNTV NEWS)