DOWN, DOWN, (WATER) PRICES ARE DOWN
Bulk water users in the Peel Valley are rejoicing today following the latest determination by the Independent Pricing and Regulatory Tribunal (IPART) which has delivered a reduction in bulk water charges for all water users.
Member for Tamworth Kevin Anderson said farmers in the Peel Valley are the big winners from today’s announcement with a price reduction of nearly 70 per cent expected over the next two years.
“The price of bulk water in the Peel Valley will drop from a high of $58.26 per megalitre to $18.36 per megalitre in 2018/19, that’s a reduction of nearly $40 per megalitre.
“IPART agreed with suggestions that the pricing structure had to change from 40:60 fixed to variable, to 80:20.
“IPART have also stated that usage charges paid by irrigators and Tamworth Regional Council (TRC) will fall by nearly 70 per cent by 2020-21 and TRC will expect a 1 per cent decrease in its total cost of water over the 4 year determination period.”
Co-President of the Peel Valley Water Users Association Tom Wollaston was delighted with the news saying that pushing hard for pricing equity in the Peel Valley was something that irrigators had been working towards for a long time.
“This will make a huge difference to farmers in the Peel Valley who have been struggling to make ends meet for many years. This will now allow them to be sustainable and give them confidence to plan for the future.”
Mr Anderson said this is a logical solution to a long standing issue.
“I am extremely proud of our local water users who have stood side-by-side with me to work towards this outcome but there is still more to be done.
“I will continue to work hard on upgrading water storage facilities in the Tamworth area such as Dungowan Dam. We need to increase Dungowan Dam’s capacity to provide the opportunity for increased water security and further drive down the price of water for all users in the Peel Valley,” Mr Anderson concluded.