News

New water market insights released in bid to increase transparency

By Jamie Salter

New water market information is now available on the Victorian Water Register website to increase water market transparency.

The water market transparency options paper consultation determined a need for increased transparency of allocation trades, how much water is available and inter-valley trading.

New information, released on June 10, aims to increase transparency on how allocation is being traded and water market prices, how much water is available to private owners, environmental water holders and water corporations in each trading zone, how inter-valley trade limits work, and available trading opportunities.

The new allocation trades information provides insights on all approved commercial allocation trades in a table and chart format.

The table provides information on the proportion of allocation trades completed by private entities, water authorities and the environment.

The chart provides the ability to view all allocation trades, to easily observe the variation in price and see details about individual trades.

Information on water by owner type can be found on the website at a water system level, such as the Goulburn or Murray, and there is additional flexibility to view the available water by owner type in each trading zone.

Information on how much water is available below the Barmah Choke will greatly assist market participants who use water below the choke in making decisions on the potential to purchase water from other Victorian account holders below the choke.

Insights on inter-valley trade opportunities in the current year, how trade opportunities have changed over time and factors that have influencing trade opportunities will also be listed on the website.

A survey is currently being conducted on Engage Victoria, seeking views from the community on full market transparency.

Later this year, further insights will be released on who owns two per cent or more of entitlement in water systems, and on allocation accounts that trade more than 20 times a year.

To view the market information, visit: waterregister.vic.gov.au/water-trading/market-insights