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On 15 May 2015, Metropolitan Waterworks & Sewerage System (MWSS) Regulatory Office approved rate adjustments for Manila’s water utility concessionaires. Manila Water Company Inc. faces a 2.42% tariff reduction (PHP0.63/m3). Maynilad, on the other hand, will implement a 4.19% (PHP1.35/m3) tariff increase. These adjustments are the net effect of delayed inflation indexing, provisional increases, and arbitration between MWSS and Manila Water over the last three years.
This latest revision marks a turning point in terms of market maturity for Manila, as it is the first significant tariff decrease the MWSS has implemented since private concessions were first awarded in 1997.
- Tariff shifts underscore maturity of Manila concessions
- Manila NRW reduction reaches limits, experience leveraged abroad
- Bulacan, Visayas tenders come to the fore as growth drivers