ICON Water is in search of a price rise of 6.5 per cent per yr for the interval of July 1, 2023 to June 30, 2028.

Compared, the Unbiased Competitors and Regulatory Commision’s draft determination would see a 4.2 per cent enhance per yr for typical households, and non-residential costs would see a 3.3 to five.4 per cent enhance per yr.

Icon Water managing director Ray Hezkial stated Icon Water’s capital proposal displays changing ageing belongings, and assembly Canberra’s inhabitants development.

“Over the subsequent 5 years, Canberra has a vital window to improve wastewater amenities largely constructed within the Sixties and Seventies,” stated Hezkial.

“If we delay funding now it’ll scale back costs barely over the subsequent 5 years, however it is going to be extra pricey in the long term, and it means future generations must pay greater costs.”

“Larger inflation and different operational value pressures proceed to impression costs and are driving a good portion of the rise in water and wastewater costs.”

“As well as to responding to main components influencing our working surroundings, we should work proactively to plan for our ageing infrastructure, the challenges of local weather change, a rising ACT inhabitants, and altering authorities coverage.”

The Fee will now evaluation submissions earlier than setting water costs that may apply from July 1.