IPART pricing determinations support water sector

IPART pricing determinations support water sector

09 September 2021

WaterNSW welcomes the Independent Pricing and Regulatory Tribunal (IPART) rural valleys bulk water and Water Administration Ministerial Corporation (WAMC) determinations, handed down today.

The four-year determinations will come into effect from 1 October 2021.

Since the draft determination in March WaterNSW has worked with customers and IPART to incorporate price reductions in the final determinations, including lower costs associated with the implementing the NSW Government’s non-urban metering policy.

IPART’s decision for WaterNSW’s rural bulk water charges results in an average increase of 30% in prices across 12 valleys and Fish River.

IPART’s decision for WAMC water management charges results in prices capped at 2.5%, excluding inflation, for each of the next four years, with average cost increases for licence holders on regulated water sources of 16%, 8% for unregulated licence holders and 3% for groundwater licence holders.

IPART has also approved new prices for the costs of implementing the NSW Government’s non-urban metering reform program.

WaterNSW’s costs have been influenced by factors such as drought, including the delivery of emergency infrastructure in some valleys, ongoing investment in dam safety upgrades, along with implementing significant long-term water sector reforms.

WaterNSW fully supports the implementation of the government-led metering reform which is in response to a number of independent and government inquiries into improving management of the state’s water sector, according to WaterNSW CEO, Andrew George.

“In its submission WaterNSW sought sufficient funding to effectively perform our role in implementing the non-urban metering policy, as one of the key foundations of the reform activity taking place across the water sector in recent years,” Mr George said.

“WaterNSW’s overall costs have been greatly influenced by these reforms and our role in implementing them, through the need for expanded IT capability, our involvement in supporting increased compliance functions and ensuring our extensive asset base is fit for this new operating environment.

“WaterNSW works with our customers to ensure that our operations meet their needs and drives continuous improvement as efficiently as possible to minimise costs.”

Media contact – Angela Davies - 0467 947 426

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