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Customers of Maynilad Water Services Inc. will get a small relief on their bills for the July to September period after regulators approved adjustments related to foreign exchange movements.
In a briefing on Thursday, Metropolitan Waterworks and Sewerage System (MWSS) chief regulator Patrick Lester Ty said the board of trustees had cleared the implementation of the foreign currency differential adjustment (FCDA) for the third quarter.
The foreign currency differential adjustment (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.
The water service providers have to settle foreign currency-denominated loans that are used to finance expansion and enhancement involving their water and sewerage services.
