North Coast draft wa­ter prices re­leased

The Coffs Coast Advocate - - RURAL LIFE -

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.

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