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Water bills to decrease under proposal for flexible water prices

MML

Michael is joined by Liz Livingstone, CEO of IPART CEO (Independent Pricing & Regulatory Tribunal), which announced yesterday that Sydney Water’s prices would be lower when water supply is plentiful, and provide customers with more control over their bills, under draft recommendations released for consultation.

 

Under IPART’s proposal, from 1 July 2020 the price paid for water would depend on dam levels.

 

If dam levels are above 60%, you would pay $2.30 per kilolitre of water you consume. But when dam levels fall below 60%, you would pay $3.12 per kilolitre to reflect the increased costs of supplying water in periods of scarcity.

 

This compares to the current price of $2.11 per kilolitre.”

MML
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