The Australian Competition and Consumer Commission (ACCC) have released their Issue Paper (1) regarding their inquiry. While the paper is overwhelming, it is a prime opportunity to contribute. The more information the ACCC receive, the better informed their recommendations to the Government.
All allocation markets have increased substantially in the last month. Prices in the Murray below choke jumped around $150/ML in the space of several days as large volume users entered the market to secure volume. Prices in that market have stabilised around the $950-1000 mark. Above the choke prices have been steady in the low $600’s, with demand coming from those wanting to shift it down stream as the choke opens.
Prices in the Murrumbidgee and Goulburn have been affected by their respective Inter Valley Transfer’s (IVT). Murrumbidgee prices have climbed from the low $600’s to well over $700/ML as authorities have provided more clarity on IVT deliveries (2). In the Goulburn, prices have climbed from around $520/ML up to $600+ as Lower Murray Water customers have been allowed access to their tagged accounts. Accessing the tagged accounts will finish in December when Victoria finally aligns with the Basin trading rules.