13 June 2023 - Murray system trade opportunity update
The Resource Manager for northern Victoria today issued the final 2022/23 update for trade opportunities from New South Wales to Victoria.
Resource Manager Mark Bailey said no additional volume is available for interstate trade.
“Victoria’s trading rules limit allocation trade from New South Wales to Victoria to the lesser of a net annual volume of 200 gigalitres or the volume that keeps the risk of spill of Victoria’s share of the Hume and Dartmouth reservoirs below 50 per cent,” Dr Bailey said.
“The Murray-Darling Basin Authority continues to release water from Lake Hume to manage airspace.
“This means the spill risk is high and no additional volume can be made available for trade from New South Wales to Victoria."
Estimated risk of spill in 2023/24
“Goulburn-Murray Water is releasing water from Lake Eildon to manage airspace,” Dr Bailey said.
“The releases are expected to continue throughout June.
“The airspace management activities mean the Goulburn and Murray systems will start 2023/24 with a high risk of spill.
“The risk of spill in the Campaspe system is about 85 per cent.
“Entitlement holders should not expect an early declaration of a low risk of spill.
“Allocation held in spillable water accounts will not be available early in the season.
“Deductions from Goulburn and Murray spillable water accounts may begin from July 1.
Dr Bailey added, “the impact will depend on the flows into the storages and volumes released to meet orders.
“The status of the Murray system will also prevent allocation trade from New South Wales to Victoria at the start of 2023/24.”
Dr Bailey reminded entitlement holders that the risk of spill assessment related to water accounting and did not describe the chances of flooding in the Murray, Goulburn or Campaspe systems.
Further information about the estimated risk of spill in 2023/24 is available on the Northern Victoria Resource Manager website.
Next trade opportunity announcement
The opportunity for allocation trade is updated monthly with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website
The risk of spill in the Murray, Goulburn and Campaspe systems in 2023/24 will be announced on Monday July 3, 2023.
Visit the MDBA websitefor Victorian shares of Murray storages.
10 May 2023 - Murray system trade opportunity update
The Resource Manager for northern Victoria today updated the 2022/23 trade opportunity from New South Wales to Victoria.
Resource Manager Mark Bailey said no additional volume is available for interstate trade.
“Victoria’s trading rules limit allocation trade from New South Wales to Victoria to the lesser of a net annual volume of 200 gigalitres or the volume that keeps the risk of spill of Victoria’s share of the Hume and Dartmouth reservoirs below 50 per cent,” Dr Bailey said.
“In late April, the Murray-Darling Basin Authority commenced releases from Lake Hume to manage airspace,” Dr Bailey said. “This means the spill risk is high and no additional volume can be made available for trade from New South Wales to Victoria.
Estimated risk of spill in 2023/24
“The risk of spill in the Goulburn and Murray systems in 2023/24 is currently greater than 90 per cent,” Dr Bailey said. “The risk in the Campaspe system is about 60 per cent.”
“Goulburn-Murray Water is releasing water from Lake Eildon to manage storage levels,” Dr Bailey added. “If releases for airspace management at Lake Eildon or Lake Hume occur after July 1, entitlement holders should anticipate deductions from spillable water accounts. The amount deducted will depend on flows into the storages and volume released to meet water orders.
“The Murray risk of spill is likely to be greater than 50 per cent on 1 July 2023, which will prevent allocation trade from New South Wales to Victoria at the start of the new water year.”
Dr Bailey reminded entitlement holders that the risk of spill assessment related to water accounting and did not describe the chances of flooding in the Murray, Goulburn or Campaspe systems.
Further information about the estimated risk of spill in 2023/24 is available on the Resource Manager Northern Victoria website www.nvrm.net.au
Next trade opportunity announcement
The opportunity for allocation trade is updated monthly with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website
The Murray system trade opportunity will be updated on Monday June 12, 2023.
Visit the MDBA websitefor Victorian shares of Murray storages.
11 April 2023 - Murray System trade opportunity update
The Resource Manager for northern Victoria today updated the 2022/23 trade opportunity from New South Wales to Victoria.
Resource Manager Mark Bailey said the risk of spill in the Murray system had increased and no additional volume is available for interstate trade.
“Victoria’s trading rules limit allocation trade from New South Wales to Victoria to the lesser of a net annual volume of 200 gigalitres or the volume that keeps the risk of spill of Victoria’s share of the Hume and Dartmouth reservoirs below 50 per cent,” Dr Bailey said.
“The risk of spill at Lake Hume is back above 50 per cent because of lower than expected demand for Victorian water. No additional volume can be made available for trade from New South Wales to Victoria."
Estimated risk of spill in 2023/24
“The Goulburn and Murray systems each have an estimated 90 per cent risk of spilling in 2023/24 under current conditions,” Dr Bailey said.
“The risk in the Campaspe system is about 60 per cent. The Murray risk of spill is likely to be greater than 50 per cent on 1 July 2024, which will prevent allocation trade from New South Wales to Victoria at the start of the new water year.”
Dr Bailey reminded entitlement holders that the risk of spill assessment related to water accounting and did not describe the chances of flooding in the Murray, Goulburn or Campaspe systems.
Further information about the estimated risk of spill in 2023/24 is available on the Northern Victoria Resource Manager website.
Next trade opportunity announcement
The opportunity for allocation trade is updated monthly with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website.
The Murray system trade opportunity will be updated on Wednesday 10 May 2023.
Visit the MDBA websitefor Victorian shares of Murray storages.
10 March 2023 - Murray System trade opportunity update
The Resource Manager for northern Victoria today updated the 2022/23 trade opportunity from New South Wales to Victoria.
Resource Manager Mark Bailey said the risk of spill in the Murray system had reduced enough to enable a small volume of interstate trade.
“Victoria’s trading rules limit allocation trade from New South Wales to Victoria to the lesser of a net annual volume of 200 gigalitres or the volume that keeps the risk of spill of Victoria’s share of the Hume and Dartmouth reservoirs below 50 per cent,” Dr Bailey said.
“Releases from Lake Hume to meet downstream demand have lowered the risk of spill this water year below 50 per cent.
“There is now an opportunity for 12 gigalitres of allocation trade from New South Wales to Victoria”
Estimated risk of spill in 2023/24
“To assist entitlement holders with their decisions about carrying over allocation into 2023/24, risk of spill estimates for next season are included in today’s update,” Dr Bailey added.
“The risk of spill in the Goulburn and Murray systems is currently estimated to be about 80 per cent in 2023/24. The risk in the Campaspe system is about 65 per cent.
“The risk of spill in the Murray system is estimated to be greater than 50 per cent at the start of 2023/24, which means allocation trade from New South Wales to Victoria is likely to be restricted from the start of the new water year."
Dr Bailey reminded entitlement holders that the risk of spill assessment related to water accounting and did not describe the chances of flooding in the Murray, Goulburn or Campaspe systems.
Further information about the estimated risk of spill in 2023/24 is available on the Northern Victoria Resource Manager website.
Next trade opportunity announcement
The opportunity for allocation trade is updated monthly with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website.
The Murray system trade opportunity will be updated on Monday April 10, 2023.
Visit the MDBA websitefor Victorian shares of Murray storages.
10 Febrary 2023 - No change to Murray System trade opportunity
The Resource Manager for northern Victoria today updated the 2022/23 trade opportunity from New South Wales to Victoria.
Resource Manager Mark Bailey said there was no change to the availability of interstate trade.
“Victoria’s trading rules limit allocation trade from New South Wales to Victoria to the lesser of a net annual volume of 200 gigalitres or the volume that keeps the risk of spill of Victoria’s share of the Hume and Dartmouth reservoirs below 50 per cent,” Dr Bailey said.
“Allocation trade from New South Wales to Victoria is not possible because Victoria’s shares of Lake Hume and Dartmouth Reservoir remain close to full and the risk of spill is greater than 50 per cent."
Dr Bailey reminded entitlement holders that all northern Victorian systems had reached the maximum possible allocation this season, leaving zero balances in spillable water accounts in the Murray, Goulburn and Campaspe systems.
Next trade opportunity announcement
The opportunity for allocation trade is updated monthly with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website.
The Murray system trade opportunity will be updated on Friday March 10, 2023.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit the Northern Victoria Resource Manager website.
Visit the MDBA website for Victorian shares of Murray storages.
10 January 2023 - 2022/23 Risk of Spill update for Murray, Goulburn and Campaspe systems
The Resource Manager for northern Victoria today updated the 2022/23 trade opportunity from New South Wales to Victoria.
Resource Manager Mark Bailey said today’s announcement focused on the availability of interstate trade instead of the risk of spill.
“Updates to the risk of spill in the Murray, Goulburn and Campaspe systems are no longer required this season,” Dr Bailey said. “The systems have reached maximum allocation this season and all water in spillable accounts has been deducted.
“Monthly updates on the opportunity for trade from New South Wales to Victoria will continue because the storage levels in Hume and Dartmouth reservoirs are important for determining the volume available for trade,” Dr Bailey added.
“Victoria’s trading rules limit allocation trade from New South Wales to Victoria to the lesser of a net annual volume of 200 gigalitres or the volume that keeps the risk of spill of Victoria’s share of the Hume and Dartmouth reservoirs below 50 per cent.”
“Allocation trade from New South Wales to Victoria is not currently possible because Victoria’s shares of Lake Hume and Dartmouth Reservoir are close to full,” Dr Bailey said.
Next trade opportunity announcement
The opportunity for allocation trade is updated monthly with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website.
The Murray system trade opportunity will be updated on Friday February 10, 2023.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit the Northern Victoria Resource Manager website.
Visit the MDBA website for Victorian shares of Murray storages.
12 December 2022 - 2022/23 Risk of Spill update for Murray, Goulburn and Campaspe systems
The Resource Manager for northern Victoria today released updated 2022/23 risk of spill information for each of the Murray, Goulburn and Campaspe systems.
Resource Manager Dr Mark Bailey said ongoing very wet conditions in November caused deductions from spillable water accounts in the Murray and Goulburn systems.
“Flows into Lake Eildon and Lake Eppalock during November were very much above average and flows into Lake Hume were the highest on record,” Dr Bailey said.
Releases from Lake Hume and Lake Eildon to manage water levels continued throughout November and into December.
“The Eildon releases will cause deductions from Goulburn spillable water accounts. The quantity of spill will be confirmed in the December 15 seasonal determination announcement,” Dr Bailey said.
“There are no deductions from spillable accounts in the Murray and Campaspe system because the entitlements in these systems have already received the maximum available seasonal determination.”
Dr Bailey said the assessments did not describe the chances of flooding.
“The risk of spill is a water accounting assessment. It does not refer to flood risks downstream of the storages.”
Trading Opportunities
Allocation trade from New South Wales to Victoria is not possible currently because Victoria’s shares of Lake Hume and Dartmouth Reservoir are full.
The opportunity for allocation trade is updated with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website.
Next announcement on risk of spill
The risk of spill in the Murray, Goulburn and Campaspe systems in 2022/23 will be updated on Tuesday 10 January 2023.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit www.nvrm.net.au
Visit the MDBA website for Victorian shares of Murray storages.
10 November 2022 - 2022/23 Risk of Spill update for Murray, Goulburn and Campaspe systems
The Resource Manager for northern Victoria today released updated 2022/23 risk of spill information for each of the Murray, Goulburn and Campaspe systems.
Resource Manager Dr Mark Bailey said ongoing wet conditions through October caused deductions from spillable water accounts in the Murray, Goulburn and Campaspe systems.
“Flows into Lake Eildon and Lake Eppalock during October were the highest on record and both storages spilled significant volumes,” Dr Bailey said.
Releases from Lake Hume to manage water levels continued throughout October and into November.
“The Eildon and Hume releases will cause deductions from Goulburn and Murray spillable water accounts respectively. The quantities of spill will be confirmed in the November 15 seasonal determination announcement,” Dr Bailey said.
“There are no volumes to deduct from spillable accounts in the Campaspe system because all entitlements received the maximum available seasonal determination on October 17,” Dr Bailey added.
Dr Bailey said the assessments did not describe the chances of flooding. “The risk of spill is a water accounting assessment. It does not refer to flood risks downstream of the storages.”
Trading Opportunities
Allocation trade from New South Wales to Victoria is not possible currently because Victoria’s shares of Lake Hume and Dartmouth Reservoir are full.
The opportunity for allocation trade is updated with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website.
Next announcement on risk of spill
The risk of spill in the Murray, Goulburn and Campaspe systems in 2022/23 will be updated on Monday December 12, 2022.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit www.nvrm.net.au
Visit the MDBA website for Victorian shares of Murray storages.
10 October 2022 - 2022/23 Risk of Spill update for Murray, Goulburn and Campaspe systems
The Resource Manager for northern Victoria today released updated 2022/23 risk of spill information for each of the Murray, Goulburn and Campaspe systems.
Resource Manager Dr Mark Bailey said very wet conditions during September had increased the risk of spill in Campaspe system while the risk in the Murray and Goulburn systems remained unchanged.
“Flows into Lake Eppalock during September were well above average and the storage began to spill in late September,” Dr Bailey said.
Releases from Lake Hume and Lake Eildon to manage water levels also occurred throughout September and into October.
“The Eildon and Eppalock releases will cause deductions from Goulburn and Campaspe spillable water accounts respectively. The quantity will be confirmed in the October 17 seasonal determination announcement,” Dr Bailey said.
“Deductions from Murray spillable water accounts will occur if low-reliability water share seasonal determinations increase and allocation is transferred into these accounts,” Dr Bailey noted.
Dr Bailey said the assessments did not describe the chances of flooding this season. “The risk of spill is a water accounting assessment. It does not refer to flood risks downstream of the storages.”
Trading Opportunities
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 from Victoria’s share of both Lake Hume and Dartmouth Reservoir below 50 per cent.
Presently, allocation trade from New South Wales to Victoria is not possible because Victoria’s shares of Lake Hume and Dartmouth Reservoir are full.
The opportunity for allocation trade is updated with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website.
Next announcement on risk of spill
The risk of spill in the Murray, Goulburn and Campaspe systems in 2022/23 will be updated on Thursday November 10, 2022.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit www.nvrm.net.au
Visit the MDBA website for Victorian shares of Murray storages.
12 September 2022 - 2022/23 Risk of Spill update for Murray, Goulburn and Campaspe systems
The Resource Manager for northern Victoria today released updated 2022/23 risk of spill information for each of the Murray, Goulburn and Campaspe systems.
Resource Manager Dr Mark Bailey said storage inflows boosted by rainfall during August had increased the risk of spill in Goulburn and Campaspe systems.
“Flows into Lake Eildon and Lake Eppalock during August were well above average,” Dr Bailey said. “The volume in Lake Eildon quickly climbed above 90 per cent of capacity and Goulburn-Murray Water started releases in late August to control the rate of rise. The releases are continuing.”
Releases from Lake Hume to manage water levels also occurred throughout August and into September.
“The Eildon and Hume releases will cause deductions from Goulburn and Murray spillable water accounts respectively. The quantity will be confirmed in the September 15 seasonal determination announcement,” Dr Bailey said.
“The risk of spill from Lake Eppalock in the Campaspe system has increased to about 40 per cent,” Dr Bailey said. “Lake Eppalock is currently about three-quarters full.”
Trading Opportunities
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 from Victoria’s share of both Lake Hume and Dartmouth Reservoir below 50 per cent.
Presently, allocation trade from New South Wales to Victoria is not possible because Victoria’s shares of Lake Hume and Dartmouth Reservoir are full.
The opportunity for allocation trade is updated with each risk of spill announcement. Customers can learn more about trade opportunities on the Victorian Water Register website Victorian Water Register website.
Next announcement on risk of spill
The risk of spill in the Murray, Goulburn and Campaspe systems in 2022/23 will be updated on Monday October 10, 2022.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit www.nvrm.net.au.
Visit the MDBA website for Victorian shares of Murray storages.
10 August 2022 - 2022/23 Risk of Spill update for Murray, Goulburn and Campaspe systems
The Resource Manager for northern Victoria today announced updated 2022/23 risk of spill information for each of the Murray, Goulburn and Campaspe systems.
Resource Manager Dr Mark Bailey said ongoing releases to manage storage levels at Lake Hume led this month’s update.
“Releases from Lake Hume to control the storage volume occurred throughout July and have continued into August,” Dr Bailey said.
“These releases will cause deductions from Murray rules‑based entitlements initially and then from spillable water accounts.
“The impact on the spillable water accounts will be described in the August 15 seasonal determination announcement,” Dr Bailey said.
“The risk of spill has reduced in the Goulburn and Campaspe systems after both catchments recorded below-average rainfall and storage inflows during July,” Dr Bailey said.
“The risk of spill from Lake Eildon in the Goulburn system is about 65 per cent and the risk of spill from Lake Eppalock in the Campaspe system is about 15 per cent.”
Dr Bailey said the assessments did not describe the chances of flooding this season. “The risk of spill is a water accounting assessment. It does not refer to flood risks downstream of the storages.”
Trading Opportunities
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 from Victoria’s share of both Lake Hume and Dartmouth Reservoir below 50 per cent.
Presently, allocation trade from New South Wales to Victoria is not possible because Victoria’s shares of Lake Hume and Dartmouth Reservoir are full.
The opportunity for allocation trade is updated with each risk of spill announcement. Customers can learn more about trade opportunities and a trial of improved trade adjustment methods on the Victorian Water Register website Victorian Water Register website.
Next announcement on risk of spill
The risk of spill in the Murray, Goulburn and Campaspe systems in 2022/23 will be updated on Monday September 12, 2022.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit www.nvrm.net.au.
Refer to the MDBA website for Victoria’s share of Murray storages.
11 July 2022 - 2022/23 Risk of Spill update for Murray, Goulburn and Campaspe systems
The Resource Manager for northern Victoria today announced updated 2022/23 risk of spill information for each of the Murray, Goulburn and Campaspe systems.
Resource Manager Dr Mark Bailey said the risks had not changed since the July 1, 2022 assessment.
“The risk of spill in the Murray system remains at effectively 100 per cent,” Dr Bailey said.
“Victoria’s shares of Lake Hume and Dartmouth Reservoir are full. The risk of spill from Lake Eildon in the Goulburn system is about 80 per cent and the risk of spill from Lake Eppalock in the Campaspe system is about 20 per cent.”
Dr Bailey said the assessments did not describe the chances of flooding this season.
“The risk of spill is a water accounting assessment. It does not refer to flood risks downstream of the storages,” Dr Bailey added.
Trading Opportunities
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 from Victoria’s share of both Lake Hume and Dartmouth Reservoir below 50 per cent.
Presently, allocation trade from New South Wales to Victoria is not possible because Victoria’s shares of Lake Hume and Dartmouth Reservoir are full.
The opportunity for allocation trade is updated with each risk of spill announcement Customers can find out more about trade opportunities and a trial of improved trade adjustment methods on the Victorian Water Register website.
Next announcement on risk of spill
The risk of spill in the Murray, Goulburn and Campaspe systems in 2022/23 will be updated on Wednesday 10 August 2022.
For information about the Resource Manager for northern Victorian regulated water systems, including seasonal determinations and resource availability, please visit www.nvrm.net.au.
Refer to the MDBA website for Victoria’s share of Murray storages.