Page 34 - VEWH Seasonal Watering Plan 2020-21
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 1.4 Managing available water for the environment
The VEWH has bought or sold a small amount of water allocation each year since it was established in 2011. Water has been purchased to enhance environmental outcomes in systems where insufficient water for the environment was available. Water has also been sold to raise revenue for investment in projects which optimise environmental watering outcomes. The VEWH has typically only sold water where it was not required for a foreseeable environmental demand.
The VEWH can use the revenue raised from the sale of a water allocation to:
• purchase water to meet shortfalls in any Victorian system
• invest in monitoring or technical studies that will improve the future management of water for the environment
• invest in structural works and other on-ground activities that will improve the performance of Victoria’s environmental watering program.
There may be occasions when the VEWH decides to
sell water to invest in complementary works, measures, technical studies or other priorities, rather than use it
or carry it over. This may occur if projects are shown to optimise environmental watering outcomes for an enduring benefit, beyond what could be achieved with delivering the equivalent volume of traded water in a single year.
The VEWH consults with DELWP where these projects have government policy or program implications.
Subject to the approval of the Minister for Water, the VEWH can also trade its water entitlements (referred to as a permanent trade). However, the VEWH has not undertaken permanent trades to date.
There is more information about the VEWH’s trading activity including its annual trading strategy on its website at vewh.vic.gov.au.
Figure 1.4.2 shows the key considerations that guide the VEWH’s use, carryover and trade decisions. The VEWH regularly assesses its water demand and supply position throughout the year.
 Figure 1.4.2 Key considerations guiding use, carryover and trade decisions
          Available supply
is sufficient
to meet priority demands
Consider the need to reserve water to meet demands in future years
Carryover to assist in meeting future demands
Environmental water supply
Available supply
exceeds
priority demands
Consider whether
the excess supply could meet demand elsewhere
Trade (sell) water and use revenue to purchase water in future or invest in works
Authorise water to meet priority demands
Priority demands for water for the environment
Available supply
is insufficient
to meet priority demands
Complementary works, technical investigation or monitoring project will achieve more enduring environmental outcomes than an environmental watering demand
      Forego demand
Transfer between systems to meet priority environmental demands
Trade (buy) to assist in meeting priority environmental demands
Trade (sell) water and use revenue to purchase water in future, invest in works, monitoring or other projects delivering environmental outcomes
        32 | Victorian Environmental Water Holder | Seasonal Watering Plan 2020–21






























































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