Water Act 2016
NOTICE TO THE PUBLIC TO SUBMIT COMMENTS ON THE PROPOSED INDEXATION FORMULA FOR WATER TARIFFS
- In exercise of the power conferred by section 72(1) a and b of the Water Act 2016, WASREB has developed a proposed indexation formula for adjustment of water tariffs to be used by defined water service providers and pursuant to section 139 of the Act, gives notice to the general public that WASREB intends to implement the indexation formula on the specified water tariffs commencing 1st July 2019.
- The indexation formula shall form part of the regulations for tariff determination
- Definition of terms
‘Utility’ means a water service provider licensed by WASREB to provide water services
‘Water Services’ means supply of water, sewerage services and all other incidental services
‘Tariff’ means the justified price charged for a water service to cover the reasonable cost of providing the service
‘Non Revenue Water’ means water produced but not billed by way of physical or commercial losses
‘Personnel Expenditure’ refers to salaries, allowances, allowable pension and service gratuities payable to employees in the course of their employment
‘Operations and Maintenance (O&M) expenditure’ means all justified recurrent expenditure incurred by a utility in the course of its business
‘Justified’ means allowable under water services regulations and standards to enable sustainable provision of water services