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Actew’s Revenue Raising

By aa - 7 January 2008 20

I heard some interesting news over the weekend from an employee of ACTEW. Apparently due to the revenue drop caused by the water restrictions, ACTEW have been selling off water to increase there income. According to them, our water problems wouldn’t be as bad (ie our water restrictions) if ACTEW actually stopped selling off water and started saving it the way they’re telling us to. Has anyone else heard this?

What’s Your opinion?

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20 Responses to
Actew’s Revenue Raising
aa 11:51 am 10 Jan 08

that hasn’t started yet! Over the past 3 years, we’ve had water restrictions, yet the income is still the same. Like I said, i heard it from an employee of ACTEW. He was pretty pissed off about it.

caf 11:50 am 10 Jan 08

How about… the increased charges?

aa 11:40 am 10 Jan 08

off course their revenue will be at 1.8%! Since they are getting less money from people due to water restriction, they’re selling water to bring it up to the 1.8%!!!!! How else can they explain that people are using less water, but they’re still bringing in the same money!

VYBerlinaV8 12:11 pm 09 Jan 08

…that reminds me, I should go turn off the lawn sprinklers. I forgot they were broken and pointed at the concrete.

neanderthalsis 11:35 am 09 Jan 08

Up in Brisneyland, we were on Level 6 restrictions, no watering anything, 4 minute showers (unenforcable really) right of entry for inspectors if your household is deemed to use excessive quantities of water etc.

Skidbladnir 11:21 am 09 Jan 08

@Kisten: Thanks for clarifying and letting us know. Appreciate the info. 🙂

@Mr_Evil: I think Kirsten’s just a messenger, lets not shoot her for voicing ACTEW policy.

Dob in your neighbour, so they can fine him back to the stone age for wasting precious water.

hingo_VRCalaisV6 11:17 am 09 Jan 08

I don’t think we have anything to worry about now there are electronic dot matrix signs on the case.

Mr Evil 11:11 am 09 Jan 08

“Our dams are still at low levels despite the recent rain, which is why ACTEW encourages everyone to minimise their water use and help to conserve the water that remains.”

So, of course you now let everyone water their lawns and gardens for three hours every weekend!

Not that my neighbour gives a damn anyway: he still waters his whole yard whenever he wants, and uses his hose to wash down his concrete after he’s mown his lawn!

VYBerlinaV8 10:52 am 09 Jan 08

Thanks Kirsten, I feel much better now.

Thumper 10:29 am 09 Jan 08

Bah, I sneer in your general direction you water saving, moisture hoarding, sons of a Furphy barrel capitalist!

(Actually, I thought it was a rather silly post as it has nothing to back up its assertions)

Kirsten 10:11 am 09 Jan 08

The claim that ACTEW is selling the ACT’s water supply to increase income is untrue.

ACTEW’s revenue is capped by the Independent Competition and Regulatory Commission. Typical of many water utilities, ACTEW makes only a 1.8% profit on its water assets, which is less than if the money was invested in a bank.

Our dams are still at low levels despite the recent rain, which is why ACTEW encourages everyone to minimise their water use and help to conserve the water that remains.

Kirsten Bartlett, ACTEW

el ......VNBerlinaV8 8:46 pm 07 Jan 08

Yep. Everyone knows that there’s NO WATER OMFG WTF BBQ!!!1!1!!!

Thumper 7:32 pm 07 Jan 08

No, that’s where the UFOs are hidden.

I read it on the internet.

Mr Evil 4:53 pm 07 Jan 08

I bet they’re hiding the water under the old Belconnen Naval Station!

caf 3:36 pm 07 Jan 08

I reckon this should be filed under the “Conspiracy Theories” category. As I understand it, the necessary legal instruments aren’t in place for the ACT to buy and sell irrigation allocations (it’s one of the things that would have to be changed if we wanted to buy water from Tantangara).

The revenue would show up in the annual report anyway, check there.

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