Notice to Manila Water Customers: Foreign Currency Differential Adjustment (FCDA) Effective October 1, 2024

September 16, 2024
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Effective 01 October 2024, the Foreign Currency Differential Adjustment (FCDA) is 2.03% of the basic charge or Php0.86 per cubic meter. Low-income households consuming 10 cubic meters a month or less will be exempt from the adjustment.

REGULATORY APPROVAL

The adjustment in FCDA was approved by the METROPOLITAN WATERWORKS AND SEWERAGE SYSTEM (MWSS) through Board Resolution No. 2024-135-RO dated 12 September 2024, confirming MWSS Regulatory Office Resolution No. 2024-16-CA dated 06 September 2024.

As provided in the Revised Concession Agreement between MWSS and the Manila Water, as amended (“Amended RCA”) FCDA is a pass-through charge to account for foreign exchange losses or gains arising from the Company’s payments of specific concession loans identified in the Amended RCA. The FCDA has no impact on the projected net income of the Company.

SERVICE COVERAGE AREA

Manila Water provides water and wastewater services to the following areas:   Mandaluyong, Pasig, San Juan, Marikina, Pateros, Taguig, Makati, southeastern part of Quezon City, and San Andres and Sta. Ana in Manila; and several towns of Rizal Province which include San Mateo, Rodriguez, Antipolo, Cainta, Taytay, Angono, Baras, Binangonan, and Jalajala.

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