The Independent Competition and Regulatory Commission has released a discussion paper on water prices.
• The most significant factor that could affect prices and bills in the next regulatory period would be recovering the revenue shortfall over a five-year period, which would increase prices in 2013–14 by 37 per cent and the bulk of customer bills by 26 to 33 per cent.
• The second most significant factor would be using ACTEW Water’s proposed rate of return, which would increase prices in 2013–14 by 20 per cent and the bulk of customer bills by 15 to 19 per cent.
• Recovering the revenue shortfall over the longer term would increase prices in 2013–14 by 10 per cent and the bulk of customer bills by 7 to 9 per cent.
• The alternative price structure proposed by ACTEW Water would result in higher overall water bills for low- and average-volume customers and a reduction in bills for high-volume customers.
The Commission is keen to hear the ACT community’s views on these important issues. The Commission will hold a public forum on the community consultation paper on Thursday 27 September 2012. Members of the ACT community are encouraged to attend.
[Photo by Androo]