Warnings on water price pain
HOUSEHOLD water bills will follow skyrocketing energy costs and double by 2040 without a national approach to upgrading our pipes and dams.
Alarming modelling by Infrastructure Australia shows the average family, which currently spends $1226 on water, are faced with their bills soaring by $600 in a decade.
The average household bill would hit $2553 in today’s dollars by 2040 unless governments commit to major reforms, including creation of a national water body that uses incentive payments to improve ageing water infrastructure.
Infrastructure Australia’s urban water report, released today, says the nation has to act now to deal with future challenges including population growth and climate change, and make sure we have a secure and affordable supply of water.
“Unless we act now, we will soon start to experience rising water bills, high taxes or a decline in service quality,” Infrastructure Australia chief Philip Davies said.
The report argues that if nationally consistent pricing and governance reforms can be achieved, then governments should consider selling off publicly owned water assets to private companies.
Australians use more water per capita than any other country, Infrastructure Australia found, suggesting more could be done to change the behaviour of consumers.