North Coast draft water prices released
THE Independent Pricing and Regulatory Tribunal has released its draft determination of prices that WaterNSW can charge for its water management services on the North Coast from July this year to June 2021.
IPART chair Dr Peter Boxall said the draft meant significant reductions in the overall revenue that WaterNSW could collect from its customer sacross NSW, with bill impacts depending on location and the type of licence held.
“This has resulted in increases for most rural customers in the North Coast... being limited to between 2% and 4% per year (with inflation) under the draft decision, substantially less than the 10% per year increase in bills proposed by WaterNSW,” Dr Boxall said.
“Rather than continuing to increase prices by 10% per year towards full cost recovery, we have decided to set prices within an efficient pricing band that considers customers’ ‘capacity to pay’, as well as WaterNSW’s avoided costs.”
IPART is seeking feedback on its Draft Report and Draft Determination by April 17.