It is not only the MRT, LRT 1, 2 that will have a price increase next year. Water rates will also increase effective January 5, 2015. Consumers will see it on their February billing next year. Sad but true. We will all experience the price increase in the coming new year. Consumers of Manila Water and Maynilad will be met with an increase in water prices at the beginning of 2015, in line with change in peso value.
Manila Water will be posting a price hike of 0.36 per cubic meter by January, while Maynilad will increase its price by 0.38 per cubic meter.
This means an additional P1.19 in the bill of Maynilad's lifeline rate consumers, or those that consume 10 cubic meters and below per month.
The hike will add P4.45 to the bill of those that consume 20 cubic meters a month, and P9.12 for 30 cubic meters.
According to Manila Water and Maynilad, the increase comes in line with foreign currency differential adjustment, or the change of the value of the peso against other currencies.