The Tasmanian Government today welcomed the Tasmanian Economic Regulator's Draft Report for the 2026 Water and Sewerage Price Determination Investigation, along with the Proposed Price Determination.
The independent regulator has recommended annual price increases of 4.3 per cent over four years, far below the 8.8 per cent increases proposed by TasWater.
Under the draft decision, the average residential customer would see an estimated increase of about $54 in 2026 to 27 and around $112 for a typical small business.
"The Regulator has undertaken a rigorous assessment of TasWater's proposal, including its operating and capital programs, pricing structure and long term financial assumptions," the Treasurer said.
"This is exactly why Tasmania has an independent economic regulator. It protects consumers, strengthens accountability and ensures decisions are based on evidence, not politics."
The Treasurer said the independent process stands in stark contrast to Labor's scare campaign in the days leading up to the draft determination.
"It is disappointing, although not surprising, that Labor has chosen fear mongering instead of waiting for facts," the Treasurer said.
The Treasurer encouraged stakeholders and the public to engage with the consultation period, which is open until 13 March.
"The Government will make a submission and we encourage Tasmanians to participate in the conversation. This is a critical service and the process benefits from informed community input."
The final determination will be released in May, ahead of the commencement of the new regulatory period on 1 July 2026.
