All Systems Receive Seasonal Determination Increases

Monday 1 August, 2016

The Resource Manager for northern Victoria today announced an increase in 2016/17 seasonal determinations in all systems.

The Murray system increases by 11 per cent to 35 per cent high-reliability water shares (HRWS) and the Goulburn system increases by 14 per cent to 39 per cent HRWS.

The Campaspe system moves from zero per cent to 21 per cent and the Loddon system moves from zero per cent to 10 per cent HRWS.

The Broken system increases from zero per cent to 20 per cent HRWS and the Bullarook system increases from zero per cent to 16 per cent HRWS.

Resource Manager Mark Bailey said the regular fronts bringing rainfall continued to increase water resource availability across northern Victoria.

“There have been good flows into the major storages since the last update of seasonal determinations,” Dr Bailey said. “There is now enough water to meet all river loss and evaporation losses in the Broken, Campaspe, Loddon and Bullarook systems and deliver all carried over water.”

“With the seasonal determinations rising above 30 per cent in the Murray and Goulburn systems, early season reserves for 2017/18 are being established. These reserves will be fully established when the Murray system seasonal determination is 44 per cent and the Goulburn system is 50 per cent.” Dr Bailey said.

The seasonal determinations for northern Victorian water systems on Monday, August 1 are:

NVRM Seasonal Determination 1 August 2016

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 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 115 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, waterregister.vic.gov.au/water-trading/allocation-trading.

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

Trade from upstream of the Barmah Choke to downstream is not available on August 1, 2016. New allocation trade opportunities from upstream of the Barmah Choke to downstream of the Barmah Choke will require water to be traded from downstream to upstream.

Upcoming Resource Manager Announcements

  • The next risk of spill update for the Murray and Campaspe systems will be released on Wednesday August 10, 2016.
  • The next 2016/17 seasonal determination announcement will be released on Monday August 15, 2016 and will include an updated outlook.