Connect with us

Hi, what are you looking for?


Water bills to go down in first quarter of 2021

Metro Manila consumers will see lower water bills in the first quarter of 2021. — PHILIPPINE STAR/MICHAEL VARCAS

By Revin Mikhael D. Ochave, Reporter

CUSTOMERS of the two water concessionaires in Metro Manila will experience lower monthly bills for the first quarter of 2021, according to the regulatory office of the Metropolitan Waterworks and Sewerage System (MWSS).

In a virtual briefing on Wednesday, MWSS Chief Regulator Patrick Lester N. Ty said the agency’s board of trustees has approved the implementation of the foreign currency differential adjustment (FCDA) for the first quarter, after a review of the proposals made by Manila Water Co., Inc. and Maynilad Water Services, Inc.

Mr. Ty said the FCDA adjustment will be effective from Jan. 1 to March 31, 2021.

East zone water provider Manila Water will apply an FCDA of 0.66% or P0.19 per cubic meter (/cu.m.) of its average basic charge of P28.52/cu.m.

This translates to a P0.14/cu.m. decrease from the previously set FCDA of P0.33/cu.m. in the fourth quarter.

Residential customers of Manila Water who consume 10 cu.m. or less will see a reduction of P0.76 in their monthly bills, while those who consume 20 cu.m. and 30 cu.m. will see their bills go down by P1.69 and P3.45 per month, respectively.

For west zone water provider Maynilad, the approved FCDA will be -0.39% or –P0.14/cu.m. of its average basic charge of P36.24/cu.m.

It is equivalent to a P0.05/cu.m. decrease than the previous quarter’s FCDA of –P0.09/cu.m.

Maynilad customers who consume 10 cu.m. or less will get a P0.05 reduction in their monthly water bills.

Meanwhile, those who use 20 cu.m. and 30 cu.m. will see a decline of P0.64 and P1.30 in their monthly water bills, respectively.

The MWSS announcement is welcome news for consumers after Maynilad and Manila Water said they will not implement water rate hikes in 2021.

In November, both water concessionaires deferred their respective water rate increases for 2021 under the rate-rebasing adjustment approved by the regulatory office of the MWSS, as part of efforts to help customers amid the coronavirus disease 2019 (COVID-19) pandemic.

In 2021, Maynilad was supposed to implement a P1.95/cu.m. increase in its basic charge while Manila Water was set to impose a price hike of P2/cu.m.

Under the current five-year rebasing period, Manila Water is eligible to increase rates by P6.22 to P6.55/cu.m., while Maynilad is allowed to increase rates by P5.73/cu.m.

The rate hikes will be implemented in tranches through 2022.

The two concessionaires also waived their respective rate increases this year, after they drew the attention of President Rodrigo R. Duterte regarding the “onerous” provisions in the concession agreement with the government.

Mr. Ty said the rate adjustments will be deferred to the next rate rebasing period.

“The failure to implement any tariff adjustment will push the tariff upwards in the next rate rebasing. But it is not automatic that it will have an upward adjustment. It is just a pressure to push it up,” Mr. Ty said.

“We also have the option of spreading it out in the next rate-rebasing,” he added.

The FCDA is a tariff mechanism which allows water concessionaires to regain losses or return gains caused by the movement of the peso against other foreign currencies.

The water providers pay foreign currency-denominated concession fees to MWSS, as well as loans that are used to fund projects to expand and improve water and sewerage services.

Metro Pacific Investments Corp. (MPIC) owns a controlling stake in Maynilad. MPIC is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



MEXICO CITY – A leading rights group on Monday called for Mexican lawmakers to vote against a proposal to overhaul the electoral system, warning it could seriously undermine electoral authorities’ independence, putting free and fair elections...


JAKARTA – Indonesia’s parliament on Tuesday approved a criminal code that bans sex outside marriage with a punishment of up to one year in jail, part...


The uncrewed Orion capsule of NASA’s Artemis I mission sailed within 80 miles (130 km) of the lunar surface on Monday, achieving the closest approach to the moon for a spacecraft built to carry...


JAKARTA – Indonesia is expected to ratify sweeping changes to its criminal code on Tuesday, senior officials confirmed, in a legal overhaul that critics say could curb freedoms and police morality in...


Elon Musk’s Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and...


MANILA – Philippine annual inflation surged to a 14-year high in November driven mainly by higher food prices, the statistics agency said on Tuesday,...

You May Also Like


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.