Manila Water not allowed to pass on financial penalties to consumers – MWSS

Ty made the statement in response to the recent statement of Manila Water that consumers will have to bear an exponential 780-percent increase in water rates or as much as P26.70 per cubic meter if the recent Supreme Court ruling on sewerage projects will be implemented.

For failing to comply, the concessionaires were fined almost P1 billion each, representing the daily fines from 2009 to August 2019. Done every five years, rate rebasing is a review of the water utilities’ past performance and projection of their future cash flows. Its purpose is to set the water rates at a level that would allow companies to recover their expenditures and earn a rate of return.

“This is the height of arrogance! Instead of complying with the Supreme Court order, they are now threatening consumers with an oppressive hike in water rates unless the high tribunal reverses its ruling,” stated Atienza, a former environment secretary in a press statement issued yesterday.

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