The government has approved higher water rates for customers of Manila Water Co. Inc. and Maynilad Water Services Inc.—up by at least five pesos for every 10 cubic meters consumed—effective January 2023. READ:
“These rate adjustments will enable Manila Water and Maynilad to provide the highest quality of water, sanitation, and sewerage services that their customers deserve,” the Metropolitan Waterworks and Sewerage System Regulatory Office said Thursday in a statement.
Those consuming 20 cubic meters per month will see their rates increase to P425 from P333.47, and those consuming 30 cubic meters will see a rise to P866.3 from P679.02.For Maynilad consumers using up to ten cubic meters, their rates will rise to P135.70 from P130.42. “The MWSS Board of Trustees approved on November 10, 2022, the MWSS RO’s recommendation for the Concessionaires to implement the following Rebasing Convergence Adjustments from 2023 to 2027,” the agency said.
Rate rebasing is a periodic performance review and general tariff adjustment, which sets the maximum rates that the concessionaires may charge for their services at a level that will allow them to recover over the life of the concession their investment, capital, operating, and maintenance expenditures prudently and efficiently incurred and to earn a rate of return on these expenditures.
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