MWSS approves Q4 FCDA effective October 13
The Board of Trustees of the Metropolitan Waterworks and Sewerage System (MWSS) has approved the fourth-quarter Foreign Currency Differential Adjustment (FCDA) of 2.43% of the basic charge, equivalent to P0.69 per cubic meter, effective October 13, 2019.
The new FCDA is P0.17 or 0.62% higher than the second-quarter 2019 FCDA of 1.81% of the basic charge or P0.52 per cubic meter.
Residential customers consuming 30 cubic meters per month will experience an increase from P691 to P695 in their monthly bill, while those consuming 20 cubic meters per month will experience an increase from P339 to P342. Non-lifeline or regular residential customers consuming 10 cubic meters per month shall pay P155 in their monthly bill versus P154 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 P87 per month.
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 service expansion and improvement of services.
The FCDA is only a pass-through device and has no impact on the projected net income of the company.