Crunching the numbers

How it translates to your price

This website is a summary of Icon Water's revised proposal to the Independent Competition and Regulatory Commission (ICRC) on water and sewerage prices (1 July 2018-30 June 2023). Since this site was launched in July 2017, the ICRC has responded (12 December 2017) with a draft price decision. Read more about the ICRC's draft decision and the timeline for the final decision

Icon Water provides water and sewerage services to the ACT, but setting the price for these services is the role of the Independent Competition and Regulatory Commission (ICRC).

How are prices set?

We give the ICRC our detailed pricing proposal so they understand how much money we need to deliver our core business and plan for the future. 

This includes our capital expenditure (capex) and operational expenditure (opex) as well as a number of taxes and charges we need to pay. This is called our 'revenue requirement'.

We also estimate how much water you're likely to use each year (as well as sewage volumes and number of new connections).

These estimates are also known as 'demand'.

In simple terms, we then divide our revenue requirement by our expected demand, to come up with the price of water and sewerage services.

The ICRC evaluates all these elements and makes a decision on the maximum amount of money we are allowed to collect from customers in order to run our business. 

So... what do we propose?

We know that the tariff needs to change but from talking to you we need to make measured and gradual changes. 

We suggest that for the next five years this is how we structure the tariff:

  • Reducing the Tier 2 price from $5.38 to $4.95/kL*.
  • Reducing the Tier 1 water usage price from $2.68 to $2.61/kL* in 2018-19.
  • Increasing the annual water supply change by $20* each year to $200 by 2022-23. 
  • Reducing the sewerage supply charge by 1.4%* in 2018-19, then increasing by less that 1% in the following years. 


pie graph of residential customers usage   percent of customers usages

I'm a typical residential customer 

  • A typical residential customer uses 200kL of water per year. 
  • You most likely live in a townhouse or house of 2-4 people and/or do only a small amount of outdoor watering. 
  • Your bill will decrease by 0.8%* in
    2018-19. 
  • This means your bill will decrease by
    $9* next year. 

 

I'm a low residential water user

  • Small water users use approximately 100kL of water each year. 
  • You most likely live in an apartment or townhouse and do very little outdoor watering. 
  • Your bill will increase by 0.12%*
    next year. 
  • This means your bill will increase by $1.12* next year. 

I'm a larger residential water user

  • Larger water users use 300kL of water each year.
  • You most likely live in a house with a larger family and/or maintain a medium to large lawn or garden. 
  • Your bill will decrease by up to 2.9%* next year, which means you save $49*. After that, your bill will increase below the rate of inflation each year.  
  • Customers using more than 300kL will save even more*.

 
I'm a business customer

  • A business owner in Canberra using 1000kL per year with 10 billable toilet fixtures. 
  • Your bill will decrease by 3.9%* next year. 
  • This means your bill will decrease by $423* next year and then increase by less than 1%* per year after that.

 

*These figures are based on Icon Water's revised price proposal at 23 February 2018. They do not reflect our original proposal from July 2017.  

 

Calculate your proposed bill

Use the calculator below to see what your bill would look like if the ICRC accepts this proposal.

?Where to find your usage
kL (kilolitres) Choose:

Got feedback? 

Visit the Independent Competition and Regulatory Commission website to submit your feedback on Icon Water's 2018-23 price proposal.

 

See what's next for the price proposal