Outlook - 16 February 2026

Monday 16 February, 2026

Outlook for the 2026/27 Season

The outlooks for 2026/27 seasonal determinations are based on historical flow records that have been adjusted to match climate conditions observed since 1975. The outlook scenarios presented are:

  • Wet                 Inflow volumes to major storages that are greater in 10 years out of 100
  • Average          Inflow volumes to major storages that are greater in 50 years out of 100
  • Dry                  Inflow volumes to major storages that are greater in 90 years out of 100
  • Extreme Dry   Inflow volumes to major storages that are greater in 99 years out of 100

The following tables summarise the estimated high-reliability water share seasonal determinations through the season for each scenario in the Murray, Goulburn, Campaspe, Loddon, Broken and Bullarook systems.

Murray System Outlook for Seasonal Determination of High-Reliability Water Shares

Inflow Conditions 1 July 2026  17 August 2026 15 October 2026   15 February 2027
Wet 45% 71%  100%  100% 
Average 37% 44%  82%  100% 
Dry 12% 33%  48%  68% 
Extreme Dry 5% 13%  31%  35% 

Goulburn System Outlook for Seasonal Determination of High-Reliability Water Shares

Inflow Conditions 1 July 2026  17 August 2026 15 October 2026   15 February 2027
Wet 40% 81% 100% 100%
Average 12% 41%  78%  100% 
Dry 0% 16%  35%  45% 
Extreme Dry 0% 1%  8%  13% 

Campaspe System Outlook for Seasonal Determination of High-Reliability Water Shares

Inflow Conditions 1 July 2026  17 August 2026 15 October 2026   15 February 2027
Wet 100% 100% 100% 100%
Average 13% 68%  100%  100% 
Dry 2% 9%  21%  28% 
Extreme Dry 2% 2%  2%  2% 

Broken System Outlook for Seasonal Determination of High-Reliability Water Shares

Inflow Conditions  1 July 2026  17 August 2026 15 October 2026  15 February 2027
Wet  52% 71% 100% 100%
Average 0% 49%  100%  100%
Dry 0% 0%  0%  16%
Extreme Dry 0% 0%  0%  0%

Loddon System Outlook for Seasonal Determination of High-Reliability Water Shares

Inflow Conditions 1 July 2026  17 August 2026 15 October 2026   15 February 2027
Wet 40% 81%  100% 100% 
Average 8% 41%  78%  100% 
Dry 0% 0%  18%  31% 
Extreme Dry 0% 0%  0%  0% 

Bullarook System Outlook for Seasonal Determination of High-Reliability Water Shares

Inflow Conditions 1 July 2026  17 August 2026 15 October 2026   15 February 2027
Wet 0% 100% 100% 100% 
Average 0% 100%  100%  100% 
Dry 0% 0%  0%  0% 
Extreme Dry 0% 0%  0%  0% 

Seasonal determinations under additional scenarios for each system are available from the NVRM Additional Scenarios webpage.

Upcoming Resource Manager Announcements (updated 17 March 2026)

  • The final seasonal determination announcement for 2025/26 will be released on Wednesday, 1 April, 2026.
  • An updated outlook for 2026/27 seasonal determinations will be released on Wednesday, 1 April, 2026.
  • The first 2026/27 seasonal determination announcement will be released on Wednesday, 1 July 2026 and will include an updated outlook and an assessment of the probability of spill in the Murray, Goulburn and Campaspe systems.