The Board of Trustees of the Metropolitan Waterworks and Sewerage System (MWSS) has approved the fourth-quarter Foreign Currency Differential Adjustment (FCDA) of 4.86% of the basic charge of P24.81, equivalent to P1.21 per cubic meter, effective October 1, 2017. This is 0.94% or P0.24 higher than the Q3 2017 FCDA of 3.92% of the basic charge or P0.97 per cubic meter. 

Residential customers consuming 30 cubic meters per month will experience an increase from P614.80 to P620.33 in their monthly bill, while those consuming 20 cubic meters per month will experience an increase from P301.94 to P304.66. Non-lifeline or regular residential customers consuming 10 cubic meters per month shall pay P138.22 in their monthly bill versus P137 in the previous quarter.

Lifeline customers or low-income residential customers consuming 10 cubic meters or less per month, who are normally exempt from the adjustment, will continue to pay the lifeline rate of P79.81 per month.

As provided in Amendment No. 1 of the Concession Agreement, the FCDA is a quarterly-reviewed tariff mechanism formulated to account for foreign exchange losses and/or gains arising from the payment of Manila Water of foreign currency denominated borrowings of MWSS, as well as of Manila Water, for the delivery of services.

The FCDA is only a pass-through device and has no impact on the projected net income of the company.