Essential Services Commission
Pricing Determination- 17 June 2010
The water industry regulator the Essential Services Commission has set revised maximum water tariffs for Coliban Water customers.
A full copy of the ESC's Final Determination Coliban Water Application for Tariff Adjustment and their media release is available on their website > click here
The revised prices were announced at 12.30pm on 17 June 2010 and will take effect from 1 July 2010.
Background to the pricing review
What influences pricing?
Every five years we develop a Water Plan that details the service standards to be achieved during the timeframe.
All pricing in our Water Plan is regulated by the Essential Services Commission (ESC).
The plan includes assumptions about:
- The cost of maintaining service standards
- Capital works needed to maintain and improve service standards
- Inflows to our storages, water availability, and likely water restriction levels
Customer pricing is based on these assumptions and in turn determines what our revenue is likely to be.
These factors determine how much revenue is likely to be needed. |
Information about pricing from 1 July 2010
Below are some links to information about the new pricing effective from 1 July 2010:
Residential pricing estimator:
This is an on-line estimator where you select your town, whether you have sewer, add in your usage information and you'll get a pricing estimate. >Click here
Information brochure
We have created a pricing information brochure in PDF format. To download the brochure >Click here
Bill Pricing Examples
We have pulled together some residential and non-residential pricing examples. >Click here
Frequently Asked Questions
To go to some frequently asked questions >Click here
Pricing areas in our region
We have two different pricing areas in our region. To find out more >Click here
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Why review prices?
When our existing Water Plan was written, our region had experienced five years of low rainfall.
The plan included assumptions that the drought would ease and our storages would start to recover.
This has not happened. Our climate has remained dry. We have not been able to ease restrictions to the levels predicted.
Not being able to ease restrictions has meant revenue is down. Purchasing water to secure supply has meant expenditure is up. These two factors have resulted in significant financial losses.
We have also had to make substantial investments in infrastructure to offset the major risks of drought. This has increased debt and associated interest charges.
To ensure that we are financially viable into the future, we need to review our assumptions and pricing.
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