Thursday, 11 June 2020
The South Australian Business Chamber has welcomed today’s decision from the Essential Services Commission of SA (ESCOSA) on SA Water’s allowable revenues for 2020 – 24 saying it will provide welcome relief to business owners.
The peak independent body representing all business sectors, has spent several years campaigning for the Independent State Water Price Inquiry and other matters related to high water and sewerage prices, with changes now coming into effect on 1 July.
“First and foremost, we commend the State Government for its decision to implement the findings from the Independent State Water Price Inquiry,” said the South Australian Business Chamber Director of Policy and Advocacy, Andrew McKenna.
“These water price savings will be warmly welcomed by the business community at a time when many are struggling with cashflow after facing months of restrictions from the COVID-19 pandemic.
“The South Australian Business Chamber also welcomes ESCOSA’s decision on SA Water’s 2020 – 24 business proposal, with both decisions saving customers a combined $548 million over four years, although businesses could have saved more if not for the State Government asking SA Water to recover an extra $45 million in water planning and management charges from customers.
“Today’s decision will save an average SA Water business customer approximately $1,350 per year, which is very welcome relief in these incredibly difficult times.”
The South Australian Business Chamber was a leading proponent for an independent assessment of SA Water’s RAB independent inquiry led by Mr Lew Owens.
The South Australian Business Chamber was subsequently an active participant in the Inquiry, leading the charge to ensure SA Water’s assets were appropriately valued despite opposition from others seeking to maintain the status quo.
“We know the State Government’s decision to implement the independent State Water Price Inquiry, coupled with ESOCSA’s decision on SA Water’s regulatory determination will be of significant benefit to the State’s business community,” said Mr McKenna.
“This is not only important now, but as we rebuild the economy it is critical that costs are reduced in areas of South Australia’s comparative advantage, particularly food and beverage manufacturing.”
