Seasonal determination update for 2016/17

Friday 15 July, 2016

The Resource Manager for northern Victoria today announced an update to 2016/17 seasonal determinations and an updated outlook.

The Murray system increases by 23 per cent to 24 per cent of high-reliability water shares (HRWS). The Goulburn system increases by 17 per cent to 25 per cent HRWS.

Seasonal determinations in the Broken, Campaspe, Loddon and Bullarook systems all remain unchanged on zero per cent HRWS.

Resource Manager Mark Bailey said recent rainfall was continuing to increase water resource availability across northern Victoria.

“The catchments are very responsive to rain and sending good flows into the major storages,” Dr Bailey said. “The increases in the Murray and Goulburn seasonal determinations are a result of the volume of water received by the major storages following recent rainfall.

“Storage levels in the Broken, Campaspe, Loddon and Bullarook systems are increasing. Although the seasonal determinations are zero, operating reserves are nearly established. This is reducing the risk that carried over allocation in these systems will not be deliverable across the entire season,” Dr Bailey said.

The seasonal determinations for northern Victorian water systems on Friday, July 15 are:

 Seasonal determination table

Trading Opportunties

Allocation trade from New South Wales to Victoria is limited to the lesser of a net annual volume of 200 GL or a volume that keeps the risk of spill in the Murray system below 50 per cent. The limit is currently defined by the volume needed to keep the risk of spill in the Murray system below 50 per cent. The net trade allowed from New South Wales to Victoria is 39 GL.

Trading opportunities from New South Wales to Victoria are next updated on August 10, 2016.

The Goulburn system’s inter-valley trade (IVT) account now owes about 95 GL to the Murray system. The Goulburn, Campaspe and Loddon systems can trade to the Victorian Murray system, New South Wales and South Australia while the total volume owed to the Murray system is less than 200 GL.

The Goulburn, Campaspe and Loddon systems can trade from the Victorian Murray system, New South Wales and South Australia while the total volume owed to the Murray system is greater than zero.

Customers participating in the water trading market can monitor trade availability on the Water Register website.

The Murray-Darling Basin Authority (MDBA) has announced that trading of water allocations from above the Barmah Choke to downstream of the Choke is restricted to protect the delivery of downstream water entitlements. Customers can monitor trading opportunities across the Barmah Choke on the MDBA website.

Upcoming Resource Manager Announcements

  • The next 2016/17 seasonal determination announcement will be released on Monday August 1, 2016.
  • The next risk of spill update for the Murray and Campaspe systems will be released on Wednesday August 10, 2016.