The Independent Pricing and Regulatory Tribunal today announced new price structure for water, sewerage and stormwater services for the Central Coast. For average customers overall bills will rise but at a lower rate than increases in inflation.
The Independent Pricing and Regulatory Tribunal of New South Wales (the Tribunal) has completed its 2002 review of metropolitan water businesses.
For this determination, the Tribunal has conducted an extensive public consultative process, reviewed all written submissions and held public hearings.
The Tribunal has decided that Sydney Water’s overall revenue should increase in line with movements in the consumer price index (CPI) in each year of the determination period.
IPART uses a real rate of return in setting prices to cover a utility's costs. This requires the conversion of a nominal cost of capital to a real cost of capital by adjusting for expected inflation.