14 Victorian water corporations lodged their price submissions with the Essential Services Commission of Victoria (the ESC) by 30 September 2022, detailing their proposed prices for the 2023-28 regulatory period. The 14 corporations included:
- Barwon Water;
- Central Highlands Water;
- Coliban Water;
- East Gippsland Water;
- Gippsland Water;
- Goulburn Valley Water;
- Grampians Wimmera Mallee Water;
- Lower Murray Water;
- South East Water;
- South Gippsland Water;
- Southern Rural Water;
- Wannon Water;
- Westernport Water; and
- Yarra Valley Water.
Goulburn Murray Water, Greater Western Water, Melbourne Water and North East Water do not form part of this price review.
Each of the corporation’s submissions and supporting financial templates can be found on the ESC’s website (link).
This is the second time these submissions have been lodged under the PREMO assessment framework (the detail of which can be found at the following link), the first being five years earlier in September 2017 (link).
Each of the corporations are required to deliver submissions that address each of the requirements of the ESC’s Guidance Paper (link).
The purpose of this document is to summarise key proposals and elements of the 2023 price submissions (PS23), and include some quantitative analysis of the key trends observed across all submissions. This includes observations regarding:
- Forecast operating expenditure;
- Forecast capital expenditure;
- RAB values;
- Forecast revenue;
- The proposed price path;
- Average bills for an owner occupier; and
- PREMO self-assessments.
URA has documented and compared the proposals from the 2023 price submissions against the proposals from the 2018 price submissions (PS18).
