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Will new water plan make a splash?

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October 20, 2017

The price of household water is under scrutiny by Victoria's economic regulator Essential Services Commission.

THE prices households will pay for water services from July 1 next year are under scrutiny as Victoria’s economic regulator reviews price proposals from the state’s water businesses.

The Essential Services Commission has received submissions from water businesses outlining their plans for prices applying from July 1, 2018.

Commission chair Ron Ben-David said it is the first water price review under a new approach designed to give customers more say.

‘‘The new framework is all about the water companies shifting their focus to demonstrating value for money, and engaging their communities in determining priorities,’’ he said.

The new pricing framework is aimed at increasing efficiency across the sector and delivering services that matter to customers. The new framework provides stronger incentives for water businesses to deliver better value to customers with the rate of return they claim linked to the level of ambition in their pricing proposals.

Customers are now being asked to have their say on the water plans with submissions available for comment at www.esc.vic.gov.au/waterpricereview

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