RESIDENTS of Boracay island will pay higher water bills starting next year.
The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) Regulatory Office has approved the new water rates of Boracay Island Water Co. Inc. (BIWCI).
BIWCI is a subsidiary of Ayala-led Manila Water Co. Inc.
Based on the approved water rates, BIWCI will implement an upward adjustment equivalent to 8.18 percent.
The rate hike will cover the final tranche of the 2012 tariff rate rebasing adjustment staggered over four years and the 2015 Consumer Price Index starting January 1, 2016.
Households with up to 10 cubic meters of water consumption will have a new rate of P268.53 per connection from the current P248.22.
For 11-20 cubic meters of consumption, the new tariff will be P51.02 per cubic meter from the current P47.16.
While those consuming 21 to 50 cubic meters will have to pay P75.19 per cubic meter from the current P69.50.
The sewerage tariff will also be increased for residential consumer at P20.14 per cubic meter, multiplied by 70 percent of water consumption.
In a disclosure to the Philippine Stock Exchange, Manila Water said the new water rate will take effect 15 days after its publication in a national daily.