2022 Water and Sewerage Price Determination Investigation
Extension of the third regulatory period due to COVID-19
On 2 April 2020 TasWater wrote to the Premier of Tasmania requesting an extension of the third regulatory period by one year to 30 June 2022 and extending the date by which TasWater must submit its proposed Price and Service Plan by one year to 30 June 2021. The request was in response to the need to assess the impact of COVID-19 on TasWater's current and future operations.
The Minister for Finance informed the Regulator on 12 June 2020 that he would seek approval to introduce an amendment to the Water and Sewerage Industry Act 2008 that would:
• extend the end of third regulatory period from 30 June 2021 to 30 June 2022; and
• fix the period of the fourth regulatory period to be from 1 July 2022 to 30 June 2026.
Notice of Requirement to Submit Proposed Price and Service Plan
In response to the Government's decision to extend the third regulatory period, the Regulator gave notice to TasWater on 22 June 2020 that a proposed Price and Service Plan must be submitted by 30 June 2021.
This superseded the notice given on 26 June 2019, requiring TasWater to submit a proposed price and service plan for the fourth regulatory period by 30 June 2020.
Water and Sewerage Industry Price and Service Plan Guideline
The water and sewerage industry price and service plan guideline sets out the Regulator's minimum requirements for the information that should be provided in TasWater's proposed price and service plan for the fourth regulatory period. The guideline also provides information on how the investigation will be conducted (including consultation) and specifies the actions TasWater must take in preparing its proposed price and service plan.
In June 2020 the Regulator published a revised water and sewerage price and service plan guideline in response to the extension of the third regulatory period due to the COVID-19 pandemic. This guideline replaces the guideline published in June 2019.
Duration of the Fourth Regulatory Period
On 26 June 2019, the Regulator declared that the duration of the fourth regulatory period will be four years from 1 July 2021 to 30 June 2025. In response to the extension of the third regulatory period due to COVID-19 the fourth regulatory period will be the four years from 1 July 2022 to 30 June 2026.