Regulator proposes approval for Melbourne to Geelong Pipeline price re-opening

The Essential Services Commission (ESC), Victoria's independent economic regulating body, has proposed to approve a 3% increase on water service charges to apply only in the 2012–2013 financial year.

The increase will allow Barwon Water to recoup the cost of the $80 million Melbourne to Geelong pipeline project.

For a typical residential customer using 165 kilolitres a year, this equates to an increase of 29 cents a week, or $15 over the year. Bills will vary from customer to customer, depending on usage.

The 3% increase will apply on top of previously approved 7% price rise, excluding CPI.

Conscious of cost-of-living pressures, Barwon Water's Board decided to confine the price rise to a single financial year, ensuring prices over the next ESC-approved period (2013–2018) are kept to a minimum.

Following a period of high growth, Barwon Water is targeting corporate and operational expenditure and debt management as it enters a new phase of consolidation.

 

Have your say

The ESC is seeking submissions of the draft decision by Monday 21 May 2012, prior to a final decision in June 2012. Submissions can be made by email or post:

Water Team
Essential Services Commission
Level 2, 35 Spring Street
Melbourne VIC 3000

water@esc.vic.gov.au

 

The ESC will also hold public meetings in Geelong and Colac:

  • 12.00–2.00 pm, Monday 14 May 2012, Geelong Conference Centre (Google map)
  • 4.30–6.30pm, Monday 14 May 2012, Colac Otway Performing Arts and Cultural Centre (COPACC) (Google map)

 

More information

Melbourne to Geelong Pipeline
Melbourne to Geelong Pipeline price re-opening FAQs
Media release issued Monday 23 April 2012: Water Plan re-opening
Essential Services Commission

 


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