NOTICE OF INTERIM ADJUSTMENT OF WATER SUPPLY RATES
May 25, 2009TO ALL CUSTOMERS AT OLONGAPO CITY
& SUBIC BAY FREEPORT ZONE
NOTICE OF INTERIM ADJUSTMENT OF WATER SUPPLY RATES
As published by the Philippine Government at http://www.census.gov.ph – Table 1. Monthly Consumer Price Index for All Income Households in the Philippines by Commodity Group, (2000=100), the year on year inflation as of March 2009 was 6.39%.
Accordingly, as provided for in the Franchise Agreement, as amended, and based on the CPI factor approved and published last December 2008, there will be a 5.65% interim adjustment on water bills to be issued from July 1, 2009, based on a multiplier computed as follows:
Multiplier =CPI Factor times CPI Current divided by CPI Last Year
Where:
CPI Factor is a percentage, which is 99.30% as approved by the SBWRB for years 2009 and 2010
Accordingly, as provided for in the Franchise Agreement, as amended, and based on the CPI factor approved and published last December 2008, there will be a 5.65% interim adjustment on water bills to be issued from July 1, 2009, based on a multiplier computed as follows:
Multiplier =CPI Factor times CPI Current divided by CPI Last Year
Where:
CPI Factor is a percentage, which is 99.30% as approved by the SBWRB for years 2009 and 2010
CPI Current is the CPI at end March of the current year which was 158.1 as of March 2009
CPI Last Year is the CPI at end March of the immediately proceeding year which was 148.6 as of March 2008
Multiplier = 99.30% x 158.1
______
148.6
=1.056482502 or 1.0565
SUBICWATER MANAGEMENT
Labels: Interim Adjustment, subicwater, water supply rates
posted by Olongapo Subic at
3:49 PM
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