Water trading strategy 2018-19
17 July 2018
The Victorian Environmental Water Holder has released a new trade strategy to transparently outline where we plan to buy or sell water for the environment across Victoria in 2018-19.
The VEWH's water trading strategy 2018-19 provides a high-level overview of the types of water trading activities that VEWH may undertake across Victoria in 2018-19.
Water trading allows the VEWH to move water to the systems where it is most needed, and to smooth out some of the variability in water availability across systems and across years.
This strategy covers both commercial water allocation trade (selling and purchasing water allocation), and administrative water transfers ('internal' transfers of VEWH allocation or transfers between water holders).
Availability of water for the environment is expected to be moderate across the state in 2018-19, with average to wet conditions required to increase water availability to high levels. A dry winter-spring 2018 will likely see supply reduce to low levels in some parts of the state.
Opportunities to purchase allocation may be considered in the Maribyrnong system, depending on the assessment of seasonal conditions and environmental needs. Opportunities to increase available allocation in the Moorabool system may also be investigated.
The VEWH may consider selling part of its allocation in northern region systems if environmental demands can be met. If this occurs, it would most likely be from summer 2018-19 onwards and be more likely following a wet winter-spring.
In 2018-19, the VEWH intends to implement a range of administrative transfers to facilitate the delivery of water for the environment across Victoria or for carryover purposes, including water held by other environmental water holders. Similarly, administrative transfers will be undertaken to transfer allocation available for use in the Snowy River.
Download a copy of this trade strategy: Water allocation trading strategy 2018-19 - 835kb (PDF)
For further information please call
03 9637 8951 or email