Maynilad to hike rate in June


STARTING June 1, 2015, customers of Maynilad Water Services will pay more for their water consumption.

Randy Estrellado, Maynilad’s chief financial officer, said the company will adjust tariff rate by 4.19 percent.

The adjustment, approved by the Metropolitan Waterworks and Sewerage System (MWSS), covers the January 2013 to February 2015 uncollected tariff by Maynilad.

“We will be implementing an inflation adjustment effective June 1. Our inflationary increase has not been imposed by the MWSS for two years,” said Estrellado.

He said the uncollected tariff of Maynilad has reached P3.4 billion.

With the new rate, households that consume more than 20 cubic meters of water a month will pay an additional P3.30 in their monthly water bill.

Those consuming 30 cubic meters of water and above will pay an additional P21.65.

Meanwhile, the bills of “lifeline customers” or households consuming less than 10 cubic meters of water will be lower by P5.55.

Maynilad, controlled by Manny Pangilinan led-Metro Pacific Investments, originally asked for a 7.52 percent inflation rate adjustment.

The MWSS, however, slashed the P1 Currency Exchange Rate Adjustment or CERA, resulting in a lower tariff of 4.19 percent.

Maynilad services the West Zone part of Metro Manila covering 17 cities.

These include portions of Manila and Quezon City, Makati, Caloocan, Pasay, Paranaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, Malabon, and Cavite City, Bacoor, Imus, Kawit, Noveleta and Rosario in Cavite.

On the otherhand, Manila Water said it will lower its rate.

According to MWSS, Manila Water will reduce by P1.98 the monthly water bill of households that consume around 10 cubic meters of water. Households that consume 20 cubic meters will pay P7.32 less a month, while those that consume 30 cubic meters of water will see a reduction of P14.86.

Manila Water services 23 cities and municipalities of Metro Manila’s East Zone side, will reduce its charge to its customers.


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