The Economic Regulator notes the Government’s intention to introduce legislation to change the ownership of TasWater and implement a number of changes to the water and sewerage economic regulatory framework. However, until such legislative amendments are passed by the Parliament, the Economic Regulator is obliged to discharge its responsibilities under the law as it currently exists. One of those responsibilities is to conduct a price determination investigation and make a price determination.
In accordance with the Water and Sewerage Industry Act 2008 (the Industry Act), TasWater is required to submit a proposed price and service plan to the Economic Regulator. TasWater's price and service plan must provide sufficient information for the Economic Regulator to assess and determine prices, revenues, terms and conditions, for water and sewerage services. Importantly, TasWater's price and service plan is required to clearly articulate and commit to a set of outcomes to be delivered, and prices to be charged, during the regulatory period.
The Economic Regulator will assess TasWater’s proposed price and service plan in accordance with the regulatory framework for price determinations governing regulated entities as set out in the Water and Sewerage Industry Act 2008 (Industry Act). The Economic Regulator will also take into account the views of other stakeholders including TasWater’s customers, industry regulators and other interested parties before making its price determination.
In approving TasWater's proposed price and service plan the Economic Regulator must be satisfied that TasWater will have sufficient revenue to meet its obligations and deliver the agreed standards of customer service while taking into account the impact of price changes on customers. The Economic Regulator may require TasWater to amend its plan if it is not satisfied that the proposed price and service plan meets the requirements specified in Guideline or the relevant Price Determination.
Proposed Price and Service Plan
As required under the Price and Service Plan Guideline TasWater submitted its proposed Price and Service Plan on 30 June 2017.
A copy of the proposed plan is available here:
TasWaters proposed Price and Service Plan for the third regulatory period (1 July 2018 to 30 June 2021) (7Mb)
Notice of intention to conduct a water and sewerage price determination investigation and make a price determination
On 1 July 2017 the Regulator notified stakeholders that it intended to conduct a water and sewerage price determination investigation and make a price determination.
On 16 June 2016, the Regulator notified TasWater of the requirement to submit, by no later than 30 June 2017, its proposed Price and Service Plan for the third regulatory period.
Duration of the third regulatory period
On 22 June 2016, the Regulator declared that the duration of the third regulatory period would be three years from 1 July2018 to 30 June 2021. Declaration of duration of third regulatory period.