OEH completion of water allocation sales

On 26 August 2018 the Minister for the Environment, the Hon Gabrielle Upton MP, announced that Office of Environment and Heritage (OEH) would make up to 15,000 megalitres of NSW environmental water allocation available to the market for purchase.

Lowbidgee and Yanga April 2008

OEH has now completed this trading activity across the Gwydir, Macquarie, Lachlan, Murrumbidgee and Murray regulated river water sources.

OEH has accepted offers for the following volumes of water and is progressing contracts with purchasers, with the majority of contracts already complete.

2017-18 Water Allocation Trading

Valley Total volume (ML) Volume Weighted Average Price ($/ML) Number of parcels Average parcel size (ML) Net Revenue ($)
Gwydir 2,900 427 6 480 1,198,355
Macquarie 2,000 373 9 220 741,325
Lachlan 5,005.5 296 20 250 1,447,266
Murrumbidgee 2,099 347 7 300 708,652
Murray 3,000 348 8 380 1,013,221
Totals 15,005 n/a 50 300 5,108,819

OEH is continuing to manage environmental water throughout 2018-19 to maintain the health of rivers and important wetlands such as the Gwydir Wetlands, Macquarie Marshes, Millewa wetlands, Lowbidgee floodplain and Yanga National Park. These floodplain wetlands provide critical drought refuge for waterbirds, fish and other native animals and are key to ensuring that our rivers can recover when rainfall and river flows return.

Information on OEH's management of water for the environment can be found at About water for the environment.