Portfolio Management Update
April - June 2015
The Commonwealth Environmental Water Office (CEWO) is currently undertaking planning for water use options in the 2015-16 water year, including an assessment of any requirements to trade (dispose or acquire) water allocations during the April to June 2015 quarter so as to rebalance holdings in preparation for environmental use in the 2015-16 water year. Although the Commonwealth Environmental Water Holder (CEWH) currently has no plans to trade water allocations or permanent water entitlements, this intention may change in response to requirements identified as part of the 2015-16 planning process. An update to the trading intentions for the April to June 2015 quarter will be undertaken if and when required.
The CEWO will provide further information to the water market prior to undertaking any trading action, based on decisions made by the CEWH.
Trading options under investigation
The CEWO is continuing to consult with Lower Balonne irrigator representatives to investigate options to establish contracts that allow the CEWH to improve inflows into Narran Lakes through acquiring water on a temporary basis. Temporary purchase options include the purchase of water harvesting extraction rights (i.e. to leave water in-stream during unregulated flows) or to purchase water stored in private storages for release into the river.
An overview of the proposed arrangements for trade in the Lower Balonne is now available for comment on the Trade public consultation page.
For further information regarding the trade of Commonwealth environmental water refer to the Commonwealth environmental water Trading Framework, which includes operating rules, procedures and protocols.
Other information regarding the management of the Commonwealth environmental water portfolio can be found on the following pages: