The Metropolitan Waterworks and Sewerage System said Monday there will be no tariff adjustments in the water bills of its two water concessionaires until September.
Patrick Lester Ty, MWSS’ chief regulator, said there will be no change in the foreign currency differential adjustments of Maynilad Water Services Inc. and Manila Water Co. Inc. in the third quarter.
"The MWSS Board of Trustees has recently approved the recommendation of the MWSS to retain the prevailing second quarter FCDA this coming quarter based on its evaluation of the FCDA proposals of the Concessionaires," Ty said in a statement.
The FCDA is a mechanism allowing water concessionaires to recover losses or to refund gains from the movements of the peso against foreign currencies such as the US dollar, the Japanese yen, and the euro.
Manila Water, which serves the East zone, will continue to implement an FCDA of 48 centavos per cubic meter, which is equivalent to 1.69-percent of its 2020 average basic charge of P28.52 per cubic meter.
Maynilad will still apply an FCDA of 8 centavos per cubic meter, which is equivalent to -0.21 percent of its 2020 average basic charge of P36.24 per cubic meter.