VEWH intends to sell water in northern Victoria

The Victorian Environmental Water Holder (VEWH) has announced it intends to sell a small amount of its available water in the northern Victorian water market in the near future.

The Victorian Environmental Water Holder (VEWH) has announced it intends to sell a small amount of its available water in the northern Victorian water market in the near future.

Denis Flett, VEWH Chairman said trading gives the VEWH the opportunity to manage its Water Holdings to maximise environmental benefits, in line with its Seasonal Watering Plan 2011-12.

"We are intending to sell a small amount of our available water in northern Victoria in the near future.  This decision has been made in light of seasonal conditions and our ability to meet foreseeable priority watering actions not only in this year, but also beyond," Mr Flett said.

"In deciding to sell water, we have assessed current market conditions and consider that we will not have any significant adverse impacts on the market."

"Proceeds from the trade will be used for future environmental watering priorities.  This may include funding the delivery of environmental watering actions, purchasing allocation at a different time or in a different system, or funding works and measures to improve water use efficiency," he said

The VEWH received some revenue from similar trading activity last year.  Some of this has been put towards purchasing much-needed allocation in the flow-stressed Werribee system in southern Victoria, in conjunction with Melbourne Water, the local waterway manager.

The VEWH operates under the same water market rules as any other private entitlement holder.

All trading activity conducted by the VEWH will be recorded on the Victorian Water Register (www.waterregister.vic.gov.au) and reported in the VEWH annual report.