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Manila Water to exclude FCDA from water charges

Beginning November 18, 2021, the Foreign Currency Differential Adjustment (FCDA) will no longer be applied to water rates of Manila Water customers. This is also the effectivity date of the Revised Concession Agreement (RCA) of the Government with the East Zone Concessionaire. The RCA stipulates the exclusion of FCDA from charges billed to customers. Currently, the effective FCDA is 0.84% of the basic charge or equivalent to Php0.24. From November 18 onwards, this will revert to zero (0). The total weighted average tariff including VAT will decrease by Php0.32 to Php 38.33 per cubic meter.

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