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MANILA, Philippines – Maynilad Water Services Inc. customers will see a slight reduction in their water bills in the third quarter, while rates of Manila Water will remain unchanged.
According to the Metropolitan Waterworks and Sewerage System (MWSS), its board of trustees had cleared the implementation of the foreign currency differential adjustment (FCDA) for the July to September period.
READ: Maynilad, Manila Water to raise rates in the second quarter
The FCDA is a quarterly-reviewed tariff mechanism that allows Manila Water and Maynilad Water Services Inc. to recover losses or give back gains following movements in the value of the peso against foreign currencies.
