Goulburn Valley Water’s (GVW) prices will rise slightly and in line with inflation this financial year, in an effort to keep bills affordable but also undertake critical investment in infrastructure and services.
GVW prices will rise 4.2 per cent including inflation, in line with the price path set in Goulburn Valley Water’s Price Plan 2023-28. This means an average residential bill for an owner-occupier will cost about $998 annually compared to $958 in 2023-24, an increase of $40.
The new prices came into effect on July 1.
GVW Managing Director Steve Capewell said the organisation had worked hard to create a balance between delivering efficiencies and fair prices, while also investing in projects that will create benefits for customers and the region.
“A small increase on bills now to fund some of our critical upgrades will have significant long-term benefits and is a key part in ensuring we can continue to deliver reliable services,” he said.
Two major infrastructure projects – the new 4.4km recycled water pipeline in Kilmore to the Kilmore Racing Club, and the new 250ml winter storage lagoon at Mansfield – are now nearing completion, with significant planning works also in progress to begin delivering several major projects in the next year.
Mr Capewell said that as part of Price Plan 2023-28, GVW has also invested an additional $2 million into supporting customers.
“We know people are still feeling the impacts of cost of living, and some might be finding themselves in this position for the first time,” he said.
“Our team is ready to help, and we can work with you to find a solution that suits your needs and helps take the pressure off.”
For more information, visit www.gvwater.vic.gov.au or call 1300 360 007.
