The VEWH releases a trading strategy annually, outlining where potential sales may occur throughout the financial year to provide transparency while still meeting commercial in confidence requirements.
The water allocation trading strategy provides a high-level overview of the types of water trading activities that may take place. Any revenue from the sale of water would be used to improve the outcomes of environmental watering in Victoria, in line with the VEWH's statutory obligations.
High water levels in storages and a forecast of more rain to come has many of Victoria’s waterways and the communities that benefit from them in a good position for 2022-23, according to Victoria’s annual plan for water for the environment.
The Victorian Environmental Water Holder (VEWH) intends to sell a small portion of its water allocation in the northern Victorian water market. Up to 12,000 megalitres of Murray allocation in zone seven (below the Barmah choke) will be made available through selected brokers and online exchanges from April 2022, supporting irrigators and other water users ahead of autumn watering and carryover planning.