TasWater’s proposed 8.8 per cent hike for water and sewerage services has been slashed down to 4.3 per cent.
This means that Tasmania households will see an increase of $54 for the 2026-27 financial year, per Economic Regulator Joe Dimasi’s draft report.
TasWater’s Proposed Price Hike Slashed
According to a report by ABC News, TasWater’s proposal sought a $91 increase.
Pulse Tasmania notes that this means an average residential bill will increase from $1,407 to $1,461 in 2026 and 2027.
Small businesses, on the other hand, were supposed to get an increase of $251. The increase will now be at $112.
“My draft decisions aim to strike the right balance between affordability for customers and the need for TasWater to continue investing in its infrastructure,” Dimasi said in a statement.
He also noted that he is also open to feedback from stakeholders and customers before making any final decisions on the price hike.
“I have carefully considered all of the feedback, and I look forward to hearing more from TasWater’s customers and stakeholders over the coming weeks before I make my final decisions,” he said.
TasWater Reacts to Slashed Price Hike
ABC News’ report notes that TasWater CEO Kane Ingham has already released a statement regarding the slashed price hike.
According to the report, TasWater will still assess how the 4.3 per cent price increase will affect water and sewerage infrastructure.
“We know there are risks in delaying projects, not just because of the heightened risk of failures in aging infrastructure and their impacts, but also because the longer these projects are put off, the more expensive they are likely to be,” the TasWater CEO said.
