Our water trading strategy 2017-18 outlines the types of trading we may undertake across Victoria.
Water allocation trade is one of the tools we use to effectively manage water for the environment. Water trading allows us to move water to the systems where it is most needed, and to smooth out some of the variability in water availability across systems and across years.
This strategy covers commercial water allocation trade (selling and purchasing water allocation), and administrative water transfers ('internal' transfers of Victorian Environmental Water Holder allocation or transfers between water holders).
In 2017-18, the availability of water for the environment is expected to be high across the state, with a wet 2016-17 boosting water supply and streamflows in many regions.
In the 2017-18 year, the VEWH intends to implement a range of administrative transfers to facilitate the delivery of water for the environment across Victoria or for carryover purposes, including water held by other environmental water holders. Administrative transfers will be undertaken to transfer allocation available for use in the Snowy River.
Opportunities to purchase allocation may be considered in the Maribyrnong system, depending upon assessment of seasonal conditions and environmental need. The VEWH may consider selling part of its allocation in northern region systems in spring, if foreseeable environmental demands can be met.