Water bill relief during strong investment forecast

Media release

1 July

Sydney Water has announced water bills will be lowered during historic investment to prepare for a liveable future for Greater Sydney, as part of the Price Proposal 2020-24 released today.

Under this proposal customers will see bills decrease by about $45 dollars, keeping water bills among the lowest in the country.

“Sydney Water is committed to putting customers at the heart of the business, which is why we’re proposing to lower water bills, following on from a bill decrease last price path,” said Mr Young.

Sydney Water is proposing to invest more than $4.5 billion will ensure Greater Sydney is future fit, by expanding and renewing our networks to keep pace with growth.

This is a 40% increase compared to our current price path. Mr Young said $5.4 billion will be invested to maintain and operate our existing network and continue to provide reliable essential services for our customers. This is 2% more than our current price path.

The proposal sets a platform to support government plans for a water resilient Greater Sydney through greater recycling of water, which can help reduce the demand on the water supply.

“Sydney Water is setting the foundations for the future which requires us to do water differently and this proposal is the next step in planning and delivering a new water model.”

“Over the next 25 years we will be looking to more than double our water recycling to more than 80 gigalitres a year – or 80 billion litres.”

“Water plays a vital role to our city and that’s why this proposal will help support the Greater Sydney Commission’s Metropolis of Three Cities vision that is liveable, productive, sustainable and thriving.”

Sydney Water is also proposing a number of water efficiency measures including on-going investment to increase our front-line staff to respond to and reduce leaks and breaks, and investigate technologies for our assets, homes and businesses.

Sydney Water’s Price Proposal 2020-24 will now be reviewed with prices set by IPART for 1 July 2020.

For more information go to sydneywater.com.au/ourprices

The Price Proposal will be available shortly on IPART’s website www.ipart.nsw.gov.au

Customers and the community are encouraged to have their say and provide feedback to IPART on Sydney Water’s proposal.

Ipart media release