Optimised water markets
We are working with stakeholders to maximise use of our water resources and infrastructure. Building on the measures of the Queensland bulk water opportunities statement (QBWOS), we are working to:
- understand why water allocations are underutilised in some areas of the state
- develop strategies to optimise water use for economic development
- improve processes and information provision to support increased water trading
- support water users to plan for prudent and cost-effective water insurance practices
- improve unallocated water release processes to support economic development
- provide water customers and investors with integrated and coordinated advice about access to water.
Following amendments to the Water Act 2000, we can now allow temporary access to unallocated water held as strategic water infrastructure reserves. The water reserved for the Nathan Dam on the Dawson River was the first released for short-term access.
Projects and timelines
|Ensure that water that has already been released to market becomes the most efficient means of satisfying demand||2020|
|Make water, identified through the water planning process for use, available to the market||2020|
|Dawson River strategic infrastructure reserve project to deliver temporary water licences||Completed 2019|
|Underutilisation partnership project to deliver the water markets optimisation strategy||2020 to 2021|
- Find out more about the release of reserved water in the Dawson Valley Water Management Area
- Read about Queensland water markets and trading.
Last reviewed 15 June 2020