Release of latest Victorian Water Brokers audit report
- Details
The Victorian Government is dedicated to providing transparency for water market participants and actively overseeing water market operations to ensure ongoing effectiveness.
The yearly audit of allocation trades submitted by water brokers via the Victorian Water Register's online Broker Portal and API plays a vital role in acknowledging water brokers who adhere to government standards and auditing criteria.
Read more: Release of latest Victorian Water Brokers audit report
Reminder: Closing dates for end of 2022–23 financial year
- Details
This is a reminder that this year the Victorian Water Register will close at midday (12.00 pm AEST) on 30 June 2023 for the end-of-year accounting that enables the roll-over from the 2022–23 to the 2023–24 water year. The register will reopen just 12 hours later, from midnight (12.00 am AEST) on 1 July 2023.
Read more: Reminder: Closing dates for end of 2022–23 financial year
The 2021–22 Scientific Advisory Panel Reports for the lower Goulburn River and lower Broken Creek
- Details
The Goulburn to Murray trade review Scientific Advisory Panel (the Panel) has completed the 2021-22 annual report describing the environmental outcomes from the first year of a three-year environmental monitoring program. The monitoring program is designed to assess the environmental performance of the new long-term Operating Rules for the Lower Goulburn River, to determine whether the rules are working as expected to prevent the kinds of environmental damage seen in previous years due to sustained high flows over summer and autumn.
The 2021-22 results provide some early indications of positive environmental response in the absence of sustained high flows on the river in each of the core themes described below:
Important information: July 2023 trade opening
- Details
Please see news article Important information for end of 2022-23 financial year and trade opening times for July 2023 for previous information around end of year and start of year trade information.
If you require further information about any of the below information, reach out to the Victorian Water Register team via waterregister.support@delwp.vic.gov.au.
There is now updated information regarding the Goulburn to Murray trade limit (Tuesday 4 July 2023)
Important information for end of 2022-23 financial year and trade opening times for July 2023
- Details
Opening allocation trade opportunities under different trade limits are listed below. If you are concerned about any of the below information, reach out to the Victorian Water Register team on waterregister.support@delwp.vic.gov.au.
What the new Place of Take Approvals Framework means for water users
- Details
Victoria is adopting a new approach to water delivery entitlements in declared systems that will protect existing water users’ rights to have water delivered down rivers and empower water users to manage their own delivery risks.
The new framework is due to come into effect in July 2023. However, the Water Legislation Amendment Bill 2023, which is currently being considered by the Victorian Parliament, proposes to delay its commencement by up to 12 months to provide more time for meaningful consultation with water users affected by last year’s devastating flooding events.
To help water users understand what the new framework will mean for them, four short animations have been created for different types of water users:
Read more: What the new Place of Take Approvals Framework means for water users
Water supply and horticulture demand in the southern Basin - 2022 Update
- Details
Victoria has released a new independent report by water market experts Aither, updating estimates of water availability and horticulture demands in the southern Murray-Darling Basin.
The updated report has been developed in close collaboration with the New South Wales and South Australian governments, the Murray-Darling Basin Authority and industry experts to provide an up-to-date understanding of how horticultural water demands are changing.
Read more: Water supply and horticulture demand in the southern Basin - 2022 Update
Victorian Water Register offline Thursday evening March 16, 2023
- Details
The Victorian Water Register is undergoing planned works and consequently, the entire water register system will be offline between 6:00pm and 8:00pm on Thursday March 16, 2023.
Read more: Victorian Water Register offline Thursday evening March 16, 2023
Annual Victorian Water Trading Report 2021-22
- Details
The release of the Annual Trade Report for 2021–22 report continues the Victorian Government’s commitment to ensuring all water participants can easily access water market information.
The Annual Trade Report for 2021–22 highlights that water market prices reflect water availability and water demand. Victorian annual rainfall was above average for 2021-22 as the La Niña event continued into its second year delivering the State’s wettest year since 2016.
Victorian River Murray Shortfall Response Plan published
- Details
Delivering water in the Murray system has always been challenging, and although shortfalls in the Murray below Barmah have been rare, the risk of a shortfall is increasing. A shortfall occurs when water that is allocated and entitled to be used cannot be delivered when and where it is needed.
Jointly Basin state governments and the Murray-Darling Basin Authority are working together to help manage these risks, but we know that delivering water through complex and connected river systems that are changing means the risk of a shortfall can never be managed to zero. That is why it is important to have plans in place.
The Victorian Government is publishing the Victorian River Murray Shortfall Response Plan to guide the effective and coordinated response to a shortfall and demonstrate how we will limit the impacts and consequences for our water users and the community as much as possible.
Read more: Victorian River Murray Shortfall Response Plan published
Change to online trading Thursday 15 December 2022
- Details
MyWater and Broker Portal will not be available 10:30 am to 5:00 pm Thursday 15 December 2022.
To enable trade processing for the 15 December 2022 Goulburn to Murray trade opportunity, the following changes will be implemented.
Read more: Change to online trading Thursday 15 December 2022
Important information – Goulburn to Murray trade opportunity for 15 December 2022
- Details
The next release of seasonal trade opportunity from the Goulburn to the Murray system is 10.00 am on 15 December 2022. This follows the previous 17 October trade opportunity that was cancelled due to the emergency response to flooding across northern Victoria. It will also be the final Goulburn to Murray trade opening of the water year.
It is estimated that approximately 58 GL of Goulburn to Murray trade opportunity will become available at this time. This total includes the volume of trade opportunity that would have been released in October.
Read more: Important information – Goulburn to Murray trade opportunity for 15 December 2022
Important information - changes to Goulburn to the Murray 2022 seasonal trade opportunity arrangements
- Details
The 17 October 2022 Goulburn to the Murray seasonal trade opportunity will not proceed. The volume of seasonal trade opportunity that was due to be made available in October will instead be included with the next release of additional seasonal trade opportunity on 15 December 2022.
Water Register offline 6:00pm – 11:00pm Thursday October 27th
- Details
The Victorian Water Register is undertaking a planned works and consequently, the entire Water Register system will be offline between 06:00pm to 11:00pm Thursday October 27th 2022.
Read more: Water Register offline 6:00pm – 11:00pm Thursday October 27th
Important information - 17 October 2022 seasonal trade opportunity from the Goulburn to the Murray system postponed
- Details
The Goulburn to Murray seasonal trade opportunity opening that was scheduled for 10am on 17 October 2022 is postponed. This is due to the ongoing emergency response to flooded communities and interruptions to power networks across northern Victoria.
A revised date for the Goulburn to Murray October seasonal trade opening will be set for as soon as possible after the current situation has improved.
This means the planned outage to the Broker Portal and MyWater services from 10.30 am to 5:00 pm 17 October 2022 will not take place. All Victorian Water Register online services will be available throughout Monday, 17 October 2022.
Important information – Goulburn to Murray trade opportunity for 17 October 2022
- Details
The next release of seasonal trade opportunity from the Goulburn to the Murray system is 10.00 am 17 October 2022.
It is estimated that approximately 13 - 14 GL of Goulburn to Murray trade opportunity will become available at this time.
The Goulburn to Murray trade rule applies to allocation trade from the Goulburn, Loddon, Campaspe and Broken systems to the Victorian Murray and interstate.
The volume of trade opportunity released on 17 October is based on:
- observed water use in the Torrumbarry Irrigation Area from 1 July 2022 to 30 September 2022 relative to the long-term historic average water use from 1 July to 30 November.
- any reduction in the Goulburn reserves, due to spill, that were quarantined at the start of the water year.
Torrumbarry Irrigation Area water use up to 30 September 2022 is around 9.8 GL, which is 11% of the long-term average up to 30 November. These are indicative volumes based on the best available data to date. The trade opportunity on 17 October 2022 may differ slightly from these estimates.
Find out more about how Goulburn to Murray trade opportunity is calculated here.
Read more: Important information – Goulburn to Murray trade opportunity for 17 October 2022
Water Register offline 6:00pm – 11:00pm Wednesday September 21st
- Details
The Victorian Water Register is undertaking a planned works and consequently, the entire water register system will be offline from 06:00 pm to 11:00 pm Wednesday September 21st 2022.
Read more: Water Register offline 6:00pm – 11:00pm Wednesday September 21st
Changes to trade processing for the 17 October 2022 Goulburn to Murray trade opportunity
- Details
The next release of seasonal trade opportunity from the Goulburn to the Murray system is 10.00 am 17 October 2022.
The Goulburn to Murray trade rule applies to allocation trade from the Goulburn, Loddon, Campaspe and Broken systems to the Victorian Murray and interstate.
This trade opportunity is highly competitive – to manage expected demand for the 17 October 2022 opening, there will be some changes to how allocation trade applications are processed.
The key change is that, on 17 October 2022, allocation trade applications will not be processed and approved/refused automatically; instead, all allocation trade applications will be processed manually by each relevant water corporation.
Read more: Changes to trade processing for the 17 October 2022 Goulburn to Murray trade opportunity
Operating Plan for delivery of water from the Goulburn IVT account
- Details
A plan for delivering water from the Goulburn Inter-Valley Trade (IVT) account to the Murray in 2022-23 has been released to support implementation of the long-term operating and trade rules introduced on 1 July 2022.
The Goulburn Operating Plan for 2022-23 has been developed by the Murray-Darling Basin Authority and Victorian river operators, and the Department of Environment, Land Water and Planning.
The plan outlines the principles and responsibilities for decision making for the delivery of water from the Goulburn Inter-Valley Trade (IVT) Account to the Murray system in 2022-23. The plan considers seasonal conditions and recognises the sustainable operating limits for summer and autumn set out in the Operating Rules for the lower Goulburn River. The operating plan also includes an operating outlook for the planned delivery of water from the Goulburn IVT account under possible climate and inflow scenarios in 2022-23.
Read more: Operating Plan for delivery of water from the Goulburn IVT account
Victoria is adopting a new approach to water delivery entitlements in declared systems
- Details
Victoria is adopting a new approach to water delivery entitlements that will empower water users to manage their own delivery risks in declared systems. Changes are due to come into effect by July 2023.
The new approach does not affect anyone’s water shares, it simply clarifies their right (entitlement) to have that water delivered.
The changes will:
- Give water users more certainty about their rights to have water delivered down our rivers and enable more flexibility to manage their own delivery risks.
- Enable the Minister to make rules to cap and allow for the trade of these delivery rights.
- Protect the rights of existing entitlement holders in water systems where delivery risks are increasing.
- Give water users confidence there are strong penalties to protect them from impacts of others taking more than their fair share during any river rationing.
Read more: Victoria is adopting a new approach to water delivery entitlements in declared systems