What is this Service?
Our Water Transfer service ensures farmers who need water can get it, and those that don’t are able to save money by selling the water they are allocated.
It works like this: Scheme members can voluntarily choose to auction some of their water at a reserve price of their choosing. Likewise, buyers bid for a volume of water with a price of their choosing, the clearing volume and price is determined by the buyer bid prices that exceed the sellers reserve prices. Once an auction is completed a water order is issued for the subsequent time period.
This creates a win-win solution that maximises water efficiency and economic outcomes.