The Independent Pricing and Regulatory Tribunal of NSW (IPART) has issued its final determination on Sydney water prices – confirming a new two-tier pricing structure and significant price increases for average residential customers to promote water conservation.
The new prices will be introduced from 1 October. As a consequence residential customers using the average 250 kilolitres (kL) of water will pay $59.10 (or 8.7 per cent including inflation) more for water and wastewater in 2005/06 than the previous year. There will be further increases of $30.85 (4.2 per cent) in 2006/07, $23.33 (3 per
cent) in 2007/08 and $26.20 (3.3 per cent) in 2008/09.