Hunter Water customers will benefit from lower prices over the next four years following a decision this week by the Independent Pricing and Regulatory Tribunal (IPART).
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Darren Cleary, managing director of Hunter Water, said the new prices beginning on July 1 would help ease pressure on Port Stephens households and businesses during a time of economic uncertainty, with the typical bill to fall by $48 per year or 3.6 per cent.
"Our customers will have more control over their bills than ever before, with an increased portion of their bill coming from usage charges, rather than fixed charges. Fixed charges will fall by 76 per cent to $24 per year."
Hunter Water continues to provide support to customers who have been financially impacted by COVID-19.
IPART's determination also provides a clear direction for Hunter Water's significant capital infrastructure works, with the green light given to its $653 million program.
