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Looking to the future: Continuous Sharing

Looking to the future: Continuous Sharing

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Looking to the future: Continuous Sharing. Continuous sharing …. Is a method of water accounting Used in Victoria for large electricity customers in Gippsland Used in areas of Queensland since 1999 Growers interest is growing in other parts too - PowerPoint PPT Presentation

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Page 1: Looking to the future: Continuous Sharing

Looking to the future:

Continuous Sharing

Page 2: Looking to the future: Continuous Sharing

Continuous sharing …

• Is a method of water accounting• Used in Victoria for large electricity customers in Gippsland• Used in areas of Queensland since 1999• Growers interest is growing in other parts too • Growers have increased production without increasing water use

through better water management due to continuous sharing

Continuous sharing provides more individual choice and requires more decision making.However – customers can choose to take standard allocations if they want.

Page 3: Looking to the future: Continuous Sharing

Example of continuous sharing…

Reservoir Inflows less storage losses and environmental flows

Outflows plus delivery losses

Page 4: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

Page 5: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

Page 6: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

Page 7: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

When your storage share is full it spills into un-filled storage shares

Page 8: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

You share in storage inflows based on your entitlement

You share in storage losses based on the volume you have stored

Page 9: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

Your storage share volume increases with inflows and decreases with losses

Page 10: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

Page 11: Looking to the future: Continuous Sharing

Your storage share…

Reservoir

Outflows plus delivery losses

Inflows less storage losses and environmental flows

Page 12: Looking to the future: Continuous Sharing

Your limit on seasonal use…

Total Annual Use Limit

Page 13: Looking to the future: Continuous Sharing

Your seasonal cap…

Total Annual Entitlement

Page 14: Looking to the future: Continuous Sharing

Your seasonal cap…

Total Annual Cap

You can trade seasonal cap

Page 15: Looking to the future: Continuous Sharing

Continuous sharing example…Water share account

A

Storage 200ML

-10ML loss

=190ML

-65ML Rel

-10 ML loss

=115ML

-65ML Rel

-5ML loss

=45ML

+50ML trade

=95ML

+25ML inflow

=115ML

Cap account

B

Storage 200ML

-10ML loss

=190ML

-0ML Rel

-15ML loss

=175 ML

-0ML Rel

-15 ML loss

=160 ML

-50ML traded

=110 ML

+25 ML Inflow

=140ML

A BCap

100ML

0 ML use

=100 ML

-50 ML use

=50 ML

-50 ML use

=0 ML

+ 25 ML trade

=25 ML

Cap

100ML

0 ML use

=100ML

0 ML use

=100 ML

0 Ml use

=100 ML

-25 ML traded

=75 ML

A B

Next season115 ML 140 ML 100 ML 100 ML

Page 16: Looking to the future: Continuous Sharing

What are the benefits of continuous sharing?

• You manage your water share at the storage• No annual allocation made for the district • There is no reset at the end of the season for water shares• The maximum you can store is limited by the size of your water share• The maximum you can use in a season is capped• The maximum you can use is reset at the end of a season• You can separately trade: water, water share and seasonal caps• The legal water entitlement you currently hold remains the same• The maximum volume in your storage depends on entitlement• You share inflows based on your entitlement• You share storage losses based on the volume you store• Your use includes delivery losses• The water you have depends on inflows, losses, use and trades • More flexibility can provide greater certainty and planning horizon

It is like having your own storage

Page 17: Looking to the future: Continuous Sharing

What next …

• Are you interested?• Customer support – If strong, proceed with initial study• Legislative changes are required – it will take time

• Develop model to suit local conditions • Develop information package for customers • Run information sessions and inform customers on continuous

allocation use