Regulated Water and Sewerage Services Prices 2023–28


Technical update to the WACC methodology

The commission has updated the methodology for calculating the cost of the debt component of the WACC. This is in response to the discontinuation of spread-to-swap data that the RBA had published in its F3 table.

A copy of the explanatory statement and sample workbook are available below.

Document NameTypeSizePublished date
Explanatory statementPDF198.0 KB8 Jul 2024
Sample workbookExcel5.8 MB8 Jul 2024

Commission sets Icon Water’s maximum regulated water and sewerage services prices for 2024–25

On Thursday 6 June 2024, we announced the maximum prices that Icon Water can charge for its regulated water and sewerage services from 1 July 2024.

A copy of our report and media release are available below.

Commission determines regulated water and sewerage services prices for 1 July 2023 to 30 June 2028

On Monday, 1 May 2023, the commission announced its final decision on prices for water and sewerage services to apply in the ACT from 1 July 2023 to 30 June 2028 on Icon Water’s regulated tariffs.

A copy of the commission’s report, price direction, explanatory statement, media release and consultants report is available below.

Document NameTypeSizePublished date
Regulated water and sewerage services 2023-28 - final reportPDF3.4 MB1 May 2023
Price Direction 2023 - 28PDF926.2 KB1 May 2023
Statement of reasonsPDF229.3 KB1 May 2023
MJA public report Icon Water Stage 2- final report - April 2023 RedactedPDF2.4 MB1 May 2023
Media Release PDF235.3 KB1 May 2023

Draft report submissions

Document NameTypeSizePublished date
Submission 1 - ACTCOSSPDF262.8 KB20 Dec 2022
Submission 2 - ICON WaterPDF14.9 MB20 Dec 2022
Submission 3 - Peter Sutherland - RedactedPDF254.4 KB20 Dec 2022
Submission 4 - Terry DwyerPDF430.4 KB20 Dec 2022

Public Hearing: Draft Report – Regulated Water and Sewerage Services Prices 2023–2028

On Monday, 21 November 2022, the Independent Competition and Regulatory Commission held a public hearing on the Draft Report: Regulated Water and Sewerage Services Prices 2023–28.

The public hearing was held at the Constitution Place, 220 London Circuit from 2.00pm to 3:30pm.

A recording of proceedings is available on demand and copies of the presentations made by the commission and Icon Water are below.

If you would like to access the recording of the public hearing, please email icrc@act.gov.au

Submissions and feedback on the draft report closes 14 December 2022.

Document NameTypeSizePublished date
Public Forum Presentation - ICRCPDF569.6 KB21 Nov 2022
Public Forum Presentation - Icon WaterPDF1.0 MB21 Nov 2022

Release of Draft Report and Proposed Price Direction: Regulated Water and Sewerage Services Prices 2023–28

The commission released a draft report and proposed price direction on 21 October 2022 for regulated water and sewerage services by Icon Water for the period 1 July 2023 to 30 June 2028.

A copy of the draft report, the proposed price direction, media release and proposed statement of reasons are available below.

Also below, is the independent consultant Marsden Jacob Associates, Icon Water 2023-28 expenditure review.

Written submissions on the draft report are invited. A submission coversheet is available here. The closing date for written submissions on the draft report is Wednesday, 14 December 2022.

If you want to comment on the Draft Report and Proposed Price Direction without making a formal submission, see link below.

Make a short submission or give feedback.

Document NameTypeSizePublished date
ICRC Draft ReportPDF3.3 MB21 Oct 2022
Proposed statement of reasonsPDF236.1 KB21 Oct 2022
Draft Price Direction 2023 - 28PDF1.0 MB21 Oct 2022
Marsden Jacob public report - Icon Water - 2023 expenditure review - RedactedPDF4.6 MB21 Oct 2022
Media releasePDF214.5 KB21 Oct 2022

Icon Water's 2023–28 Water and Sewerage Price Proposal

On 30 June 2022, Icon Water submitted its price proposal to the Commission’s regulated water and sewerage services prices 2023–28 investigation.

The documents are available below.

Further information can be found at Icon Water's website: https://www.iconwater.com.au/priceproposal

Submissions on Issues Paper

Release of Issues Paper: Water and sewerage services price investigation

On Tuesday 1 March 2022, we released an issues paper outlining our approach to the 2023-28 water and sewerage services price investigation.

A copy of the issues paper is available below.

Submissions on the issues paper close on Friday 8 April 2022.

Make a short submission or give feedback.

Industry reference and terms of reference for investigation

On 10 December 2021, we received an industry reference under section 15(1)(a) of the Independent Competition and Regulatory Commission Act 1997 to investigate, and determine a price direction for, regulated water and sewerage services provided by Icon Water in the ACT. We also received terms of reference for the investigation which outlines specific matters and issues we are required to consider in the investigation.

The industry reference, terms of reference and explanatory statement are available from the ACT Legislation website at: https://www.legislation.act.gov.au/di/2021-278/

The documents are also available below.