Water reforms in Melbourne aim to save homeowners money
Owners of residential property in Melbourne could be interested to hear about the Victorian coalition government's new initiative to help reduce the cost of water across the the state capital, which could help to save residents money each and every year.
The 'Fairer Water Bills' program, which follows after the Melbourne's Future Water reform policy introduced by the government in December, aims to drive down the cost of water by increasing the efficiency of the systems throughout Melbourne.
Minister for Water Peter Walsh said the changes will be implemented over the coming three years, with a number of water corporations taking a closer look at their financial management, asset management, procurement practices and shared services in order to pass these savings on to customers.
"As well as creating resilient urban water systems based on whole-of-water-cycle principles, Melbourne’s Water Future is based on the delivery of affordable water services through improved efficiency," said Mr Walsh in a January 18 statement.
The average Melbourne household uses around 165 kilolitres of water per year and has seen the amount they pay increase from $500 up to $1,200 per annum.
"I believe there is scope for significant productivity and efficiency gains in the urban water sector that will translate to future savings on household water bills," said Mr Walsh.
From July 1 2014, Melbourne Water, Yarra Valley Water, South East Water, City West Water, Barwon Water and Western Water will all have efficiency targets to meet for their services, in order to help begin the overall transition towards cheaper, more efficient water for Melbourne residents.
Melbourne's Water Future was announced last July in reaction to the increasing water prices experienced across the city, which aims to be a smarter, more sustainable option for the owners of residential property in the Victorian capital.
According to the initial research, Victoria can save approximately $7 billion by 2050 by increasing the reuse of rainwater, stormwater and wastewater in the coming years and translating this into savings for the everyday people of Melbourne.
"Each year 25,000 Olympic sized swimming pools of high-quality drinking water is flushed down Melbourne toilets," said Mr Walsh in a July 1, 2013, statement.
"We can no longer afford to let the plentiful supply of water that falls on Melbourne each year simply flow down our stormwater drains and out to sea."