MWC Announces New Water Tarriff Rates
Quezon City—(PHStocks)—Effective 1 January 2016, Manila Water Company Inc. (PSE: MWC) will implement the following adjustments:
1. “R” Factor of negative 2.21% as applied to the prevailing Average Basic Charge of PhP25.25 per cubic meter;
2. “C” Factor of 0.80% as applied to the prevailing Average Basic Charge of PhP25.25 per cubic meter; and,
3. Foreign Currency Differential Adjustment of 0.59% as applied to the 2016 Average Basic Charge of PhP24.89 per cubic meter.
The new rates are pursuant to the MWSS Board Resolution No. 2015-147-RO dated 10 December 2015 approving the MWSS-RO Resolution No. 2015-14-CA dated 3 December 2015.
