What is PSP4?
- The Price and Service Plan 4 (PSP4), covering the period from 1 July 2022 to 30 June 2026, is TasWater’s four-year plan to ensure we can maintain the delivery of clean and safe drinking water and improve environmental and customer outcomes.
- In 2018 a Memorandum of Understanding (MOU) was entered into between the State Government, TasWater Owner's Representative Group and TasWater. This MOU allowed for a price freeze, including for transactional pricing in the Financial Year 2019/20.
- Due to the economic and financial impacts from the coronavirus (COVID-19) pandemic on TasWater and our customers, the Tasmanian Government granted an extension to PSP3 for an additional year. This extension resulted in an additional price freeze for Financial Year 2020/21 to support our customers through the pandemic.
What does it mean for me?
- From the financial year beginning 1 July 2022, there will be a 3.5 per cent price increase for customers.
- It’s important we can continue investing in the state’s infrastructure, while keeping bills as affordable as possible.
- Through the development of the PSP, TasWater works hard to balance our operating needs in the short term, the complex investment needs for a sustainable water and sewerage utility for the long term, with the need to meet our customers’ expectations at an affordable price.
- The Tasmanian Economic Regulator scrutinises the plan to ensure TasWater delivers the value for money our customers expect.