By Eileen Mencias
Maynilad Water Services Inc. of Pangilinan-led Metro Pacific Investments Corp. and Consunjis’ DMCI Holdings, is seeking to raise tariffs to make to make up for the suspension of the implementation of the rate hikes that the Metropolitan Water and Sewerage System approved.
In its filing with the MWSS Regulatory Office for the 6th rebasing period covering 2023 to 2027, the west zone water concessionaire proposed a one-time tariff increase of 6.76 percent of P45.26 per cubic meter to achieve the targets it set in its new business plan.
This should translate to only P3.06 per cubic meter.
The average basic charge in Maynilad’s service zone is P36.44 per cubic meter, higher than Manila Water Company Inc.’s P28.52 per cubic meter basic charge.
The P45.26 per cubic meter is what the rate would have been in Maynilad’s service area had the approved staggered rate increases been fully implemented.
By using P45.26 per cubic meter as the basis, Maynilad instantly gets a P8.82 per cubic meter increase.
Maynilad’s non revenue water, or water lost from leaks in its pipes, is at around 44 percent versus Manila Water’s less than 20 percent.
Maynilad serves the cities of Manila, except portions of San Andres and Sta. Ana. It also covers Quezon City west of San Juan River, West Avenue, EDSA, Congressional, Mindanao Avenue, the northern part starting from the districts of the Holy Spirit and Batasan Hills.
It also serves Makati west of South Super Highway, Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; and the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite province.