O'Farrell fights to increase Sydney Water bills by 30%: Government makes secret submission to send water bills soaring

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The NSW Labor Opposition today revealed the O'Farrell Government has secretly applied to increase Sydney Water prices by 30 per cent – which will add $335 to every household water bill.

The O'Farrell Government has made two secret submissions to the Independent Pricing and Regulatory Tribunal (IPART) appealing for Sydney Water prices to increase by an extra 30 per cent – on top of IPART's draft recommendation for a 7.6 per cent increase over four years.

"Barry O'Farrell promised to keep prices as low as possible for NSW families, yet now his government has made secret submissions to the pricing regulator, that if adopted, would add $335 to the average Sydney Water bill," Shadow Water Minister, Luke Foley said today.

"Publicly, Mr O’Farrell pretends to be on the side of families struggling with the cost of living, but behind the scenes he has been appealing to the pricing regulator to increase water bills by a whopping 30 per cent.

"The O’Farrell Government is secretly appealing for these massive price hikes because it wants to gouge record profits out of Sydney Water.

"Sydney Water has to meet the huge 78 per cent profit increase set by the O’Farrell Government. This means it is required to deliver a monstrous $693.3 million profit next financial year, up from $387.8 million this year.

"In Opposition, Mr O'Farrell was on the side of hardworking families struggling with cost of living pressures. Now he is in government, the Premier is doing all he can to send water bills soaring.

"Trying to send water bills skyrocketing for millions of Sydney families and businesses just shows how out of touch Mr O’Farrell has become."

Average Sydney Water household bills (200kl usage per year):

 

Current 2011/12 IPART determination 2015/16 Increase sought by O’Farrell Total 2015/16 
$1104.90 $1188.72 Wants an extra $335 $1523.73 
7.6% increase 30.3% increase 37.9% increase