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Covering the Goulburn and Murray valleys

Declaration opens up water trade

Water held in spillable water accounts (SWAs) in the Murray and Goulburn systems will become available for use or trade following a declaration on Tuesday.

December 10, 2013 2:01pm

The Resource Manager for northern Victorian regulated water systems today (Tuesday) declared there was a low risk of spill in the Murray and Goulburn systems.

There was no declaration for the Campaspe system.

Following the Resource Manager’s declaration, water held in spillable water accounts (SWAs) in the Murray and Goulburn systems will become available for use or trade.

‘‘The low risk of spill declaration in the Murray and Goulburn systems has resulted from falling inflows and higher releases from both Lake Hume and Lake Eildon over the last month,” Dr Mark Bailey, Resource Manager said.

‘‘Water share holders will have the remaining balance of their SWAs returned to their Allocation Bank Accounts (ABAs) for use or trade today.”

‘‘The risk of spill in the Campaspe system remains greater than a 1 chance in 10 probability,” said Dr Bailey. ‘‘This risk is falling as inflows decline and releases occur from Lake Eppalock for irrigation and environmental water deliveries.”

‘‘The low risk of spill declaration is made when the probability of spilling during the remainder of the season is less than 1 chance in 10,” explained Dr Bailey. “A declaration is about the availability of allocated water resources and not a statement about the potential for flooding this season. It is a statistical assessment, which means it is still possible for Lake Hume or Lake Eildon to spill later this season.

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