Last week, the Independent Pricing and Regulatory Tribunal (IPART) released its Final Determination of Sydney Water’s 2020-2024 Price Review that sets water, wastewater, stormwater and ancillary prices from 1 July this year.
Following this determination, IPART said average household bills across Sydney will fall by $80 a year, or around 7 per cent, from 1 July and $10.1 billion should be invested into water services.
Sydney Water Managing Director Roch Cheroux said Sydney Water bills were already some of the lowest in the country and this proposal will provide further relief to households when they really need it.
“It has been a challenging time for communities living through drought and coronavirus, so it is pleasing water and wastewater bills have been kept low and Sydney Water can continue its role in building resilience into our water network which will also provide a significant boost to jobs and the economy,” said Mr Cheroux.
“Sydney Water presented a very strong case for investment which IPART has recognised and that means we can invest in the new and existing infrastructure required to support a fast-growing global city.
“Over the next four years, we will be building and upgrading water and wastewater treatment plants, increasing the use of digital technologies, including network monitoring systems and research innovations that will drive greater efficiencies across Sydney Water and improve services to customers.
The breakdown of investments for major projects for Great Sydney and the Illawarra over the next four years will include $2.7 billion for renewing assets and $1.7 billion to meet the growing needs of water, wastewater and stormwater as the region expands.
For more information visit the Sydney Water website.
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