<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html> <head> <title>UTas ePrints - Bringing Competition to Urban Water Supply</title> <script type="text/javascript" src="http://eprints.utas.edu.au/javascript/auto.js"><!-- padder --></script> <style type="text/css" media="screen">@import url(http://eprints.utas.edu.au/style/auto.css);</style> <style type="text/css" media="print">@import url(http://eprints.utas.edu.au/style/print.css);</style> <link rel="icon" href="/images/eprints/favicon.ico" type="image/x-icon" /> <link rel="shortcut icon" href="/images/eprints/favicon.ico" type="image/x-icon" /> <link rel="Top" href="http://eprints.utas.edu.au/" /> <link rel="Search" href="http://eprints.utas.edu.au/cgi/search" /> <meta content="Sibly, Hugh" name="eprints.creators_name" /> <meta content="Tooth, Richard" name="eprints.creators_name" /> <meta content="hugh.sibly@utas.edu.au" name="eprints.creators_id" /> <meta content="richardtooth@iinet.net.au" name="eprints.creators_id" /> <meta content="monograph" name="eprints.type" /> <meta content="2007-11-02 01:04:34" name="eprints.datestamp" /> <meta content="2008-01-08 15:30:00" name="eprints.lastmod" /> <meta content="show" name="eprints.metadata_visibility" /> <meta content="Bringing Competition to Urban Water Supply" name="eprints.title" /> <meta content="pub" name="eprints.ispublished" /> <meta content="340200" name="eprints.subjects" /> <meta content="public" name="eprints.full_text_status" /> <meta content="discussion_paper" name="eprints.monograph_type" /> <meta content="REPEC, Water Utilities, Efficient Water Pricing, Water Provider Competition " name="eprints.keywords" /> <meta content="This paper proposes a market-based reform that would introduce competition into the provision of urban water. This proposal calls for a decoupling of infrastructure control and ownership of water whereby the property rights to water would be transferred to private hands. The proposal involves periodically allocation (e.g. by auction) of existing water stock held in urban catchments to virtual suppliers who then compete in providing bulk water. This change when coupled with effective third party access and retail competition would lead to a competitive market for the provision of urban water. The approach aims to address concerns over inefficient pricing and infrastructure provision under the current arrangement." name="eprints.abstract" /> <meta content="2007" name="eprints.date" /> <meta content="published" name="eprints.date_type" /> <meta content="School of Economics and Finance" name="eprints.publisher" /> <meta content="University of Tasmania" name="eprints.place_of_pub" /> <meta content="16" name="eprints.pages" /> <meta content="University of Tasmania" name="eprints.institution" /> <meta content="School of Economics and Finance" name="eprints.department" /> <meta content="http://www.utas.edu.au/ecofin/Library/discussion_papers/papers_07/DP2007_05_Sibly.pdf" name="eprints.official_url" /> <meta content="ACIL Tasman, 2003, Water Trading in Australia: Current and Prospective Products Doherty, Neil A., 2000, ‘Innovation in Corporate Risk Management: the Case of Catastrophe Risk’, in G. Dionne (ed.), Handbook of Insurance, London Kluwer, (Ch. 15) Grafton, Quentin and Kompas, Tom, 2007, ‘Pricing Sydney Water’, Australian Journal of Agricultural and Resource Economics, September, Vol. 51, Issue 3, Page 223-357. Grafton, Quentin and Ward, Michael, 2007, Prices versus Rationing: Marshallian Surplus and Mandatory Water Restrictions, Crawford School of Economics and Government WORKING PAPERS IDEC07-05. Available at: http://www.crawford.anu.edu.au/degrees/idec/working_papers/IDEC07-05.pdf Guasch, Luis J., 2004, ‘Granting and Renegotiating Infrastructure Concessions: Doing it Right’, World Bank Institute Development Studies, available at http://wwwwds. worldbank.org/servlet/WDSContentServer/WDSP/IB/2004/05/06/000090341_20040506 150118/Rendered/PDF/288160PAPER0Granting010renegotiating.pdf, downloaded April 2007 Lobina, Emanuele and Hall, David, 2003, Problems with private water concessions: a review of experience, available at http://www.psiru.org/ downloaded April 2007 Hunwick, Richard, 2005, ‘The economics of electricity storage’, Paper presented to the Australian Institute of Energy, Sydney Branch, Energy Storage Symposium, November 1st, 2005. Available at: http://www.aie.org.au/syd/downloads/, Downloaded 25 March 2007 Mansur, Erin T. and Olmstead, Sheila M., 2006, The Value of Scarce Water: Measuring the Inefficiency of Municipal Regulations, AEI-Brookings Joint Center for Regulatory Studies, Available at www.aei-brookings.org NWI Steering Group on Water Charges, 2007, Water Storage and Delivery Charges in the Urban Water Sector in Australia, February 2007, Available at: http://www.nwc.gov.au/nwi/docs/UrbanWaterChargingStocktake_Feb%2021.pdf, downloaded March 2007 Productivity Commission 2003, Water Rights Arrangements in Australia and Overseas, Commission Research Paper, Productivity Commission, Melbourne. Ryan, Ian and Keagh, Rob, 2000, Capacity sharing – A new water management system for the St George Water Supply Scheme, Paper presented at ANCID conference Sibly, Hugh, 2006a, 'Urban Water Pricing', Agenda, 13(1). pp. 17-30. Sibly, Hugh, 2006b, ‘Efficient Urban Water Pricing’. Australian Economic Review, Vol. 39, Issue 2, pp. 227-237, June 2006 Available at SSRN: http://ssrn.com/abstract=909833 or DOI: 10.1111/j.1467-8462.2006.00415.x Willems, Bert, 2005, Physical and Financial Virtual Power Plants, April 2005. Available at SSRN: http://ssrn.com/abstract=808944" name="eprints.referencetext" /> <meta content="Sibly, Hugh and Tooth, Richard (2007) Bringing Competition to Urban Water Supply. Discussion Paper. School of Economics and Finance, University of Tasmania." name="eprints.citation" /> <meta content="http://eprints.utas.edu.au/2373/2/DP2007_05_Sibly.pdf" name="eprints.document_url" /> <link rel="schema.DC" href="http://purl.org/DC/elements/1.0/" /> <meta content="Bringing Competition to Urban Water Supply" name="DC.title" /> <meta content="Sibly, Hugh" name="DC.creator" /> <meta content="Tooth, Richard" name="DC.creator" /> <meta content="340200 Applied Economics" name="DC.subject" /> <meta content="This paper proposes a market-based reform that would introduce competition into the provision of urban water. This proposal calls for a decoupling of infrastructure control and ownership of water whereby the property rights to water would be transferred to private hands. The proposal involves periodically allocation (e.g. by auction) of existing water stock held in urban catchments to virtual suppliers who then compete in providing bulk water. This change when coupled with effective third party access and retail competition would lead to a competitive market for the provision of urban water. The approach aims to address concerns over inefficient pricing and infrastructure provision under the current arrangement." name="DC.description" /> <meta content="School of Economics and Finance" name="DC.publisher" /> <meta content="2007" name="DC.date" /> <meta content="Report" name="DC.type" /> <meta content="NonPeerReviewed" name="DC.type" /> <meta content="application/pdf" name="DC.format" /> <meta content="http://eprints.utas.edu.au/2373/2/DP2007_05_Sibly.pdf" name="DC.identifier" /> <meta content="http://www.utas.edu.au/ecofin/Library/discussion_papers/papers_07/DP2007_05_Sibly.pdf" name="DC.relation" /> <meta content="Sibly, Hugh and Tooth, Richard (2007) Bringing Competition to Urban Water Supply. Discussion Paper. 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class="not_ep_block"><span class="person_name">Sibly, Hugh</span> and <span class="person_name">Tooth, Richard</span> (2007) <xhtml:em>Bringing Competition to Urban Water Supply.</xhtml:em> Discussion Paper. School of Economics and Finance, University of Tasmania.</p><p style="margin-bottom: 1em" class="not_ep_block"></p><table style="margin-bottom: 1em" class="not_ep_block"><tr><td valign="top" style="text-align:center"><a onmouseover="EPJS_ShowPreview( event, 'doc_preview_3058' );" href="http://eprints.utas.edu.au/2373/2/DP2007_05_Sibly.pdf" onmouseout="EPJS_HidePreview( event, 'doc_preview_3058' );"><img alt="[img]" src="http://eprints.utas.edu.au/style/images/fileicons/application_pdf.png" class="ep_doc_icon" border="0" /></a><div class="ep_preview" id="doc_preview_3058"><table><tr><td><img alt="" src="http://eprints.utas.edu.au/2373/thumbnails/2/preview.png" class="ep_preview_image" border="0" /><div class="ep_preview_title">Preview</div></td></tr></table></div></td><td valign="top"><a href="http://eprints.utas.edu.au/2373/2/DP2007_05_Sibly.pdf"><span class="ep_document_citation">PDF</span></a> - Requires a PDF viewer<br />108Kb</td></tr></table><p style="margin-bottom: 1em" class="not_ep_block">Official URL: <a href="http://www.utas.edu.au/ecofin/Library/discussion_papers/papers_07/DP2007_05_Sibly.pdf">http://www.utas.edu.au/ecofin/Library/discussion_papers/papers_07/DP2007_05_Sibly.pdf</a></p><div class="not_ep_block"><h2>Abstract</h2><p style="padding-bottom: 16px; text-align: left; margin: 1em auto 0em auto">This paper proposes a market-based reform that would introduce competition into the provision of urban water. This proposal calls for a decoupling of infrastructure control and ownership of water whereby the property rights to water would be transferred to private hands. The proposal involves periodically allocation (e.g. by auction) of existing water stock held in urban catchments to virtual suppliers who then compete in providing bulk water. This change when coupled with effective third party access and retail competition would lead to a competitive market for the provision of urban water. The approach aims to address concerns over inefficient pricing and infrastructure provision under the current arrangement.</p></div><table style="margin-bottom: 1em" cellpadding="3" class="not_ep_block" border="0"><tr><th valign="top" class="ep_row">Item Type:</th><td valign="top" class="ep_row">Report (Discussion Paper)</td></tr><tr><th valign="top" class="ep_row">Keywords:</th><td valign="top" class="ep_row">REPEC, Water Utilities, Efficient Water Pricing, Water Provider Competition </td></tr><tr><th valign="top" class="ep_row">Subjects:</th><td valign="top" class="ep_row"><a href="http://eprints.utas.edu.au/view/subjects/340200.html">340000 Economics > 340200 Applied Economics</a></td></tr><tr><th valign="top" class="ep_row">ID Code:</th><td valign="top" class="ep_row">2373</td></tr><tr><th valign="top" class="ep_row">Deposited By:</th><td valign="top" class="ep_row"><span class="ep_name_citation"><span class="person_name">Ms Tracy Kostiuk</span></span></td></tr><tr><th valign="top" class="ep_row">Deposited On:</th><td valign="top" class="ep_row">02 Nov 2007 12:04</td></tr><tr><th valign="top" class="ep_row">Last Modified:</th><td valign="top" class="ep_row">09 Jan 2008 02:30</td></tr><tr><th valign="top" class="ep_row">ePrint Statistics:</th><td valign="top" class="ep_row"><a target="ePrintStats" href="/es/index.php?action=show_detail_eprint;id=2373;">View statistics for this ePrint</a></td></tr></table><p align="right">Repository Staff Only: <a href="http://eprints.utas.edu.au/cgi/users/home?screen=EPrint::View&eprintid=2373">item control page</a></p> </td></tr></table> </div> <!-- InstanceEndEditable --></td> </tr> <tr> <td><!-- #BeginLibraryItem "/Library/footer_eprints.lbi" --> <table width="795" border="0" align="left" cellpadding="0" class="footer"> <tr valign="top"> <td colspan="2"><div align="center"><a href="http://www.utas.edu.au">UTAS home</a> | <a href="http://www.utas.edu.au/library/">Library home</a> | <a href="/">ePrints home</a> | <a href="/contact.html">contact</a> | <a href="/information.html">about</a> | <a href="/view/">browse</a> | <a href="/perl/search/simple">search</a> | <a href="/perl/register">register</a> | <a href="/perl/users/home">user area</a> | <a href="/help/">help</a></div><br /></td> </tr> <tr><td colspan="2"><p><img src="/images/eprints/footerline.gif" width="100%" height="4" /></p></td></tr> <tr valign="top"> <td width="68%" class="footer">Authorised by the University Librarian<br /> © University of Tasmania ABN 30 764 374 782<br /> <a href="http://www.utas.edu.au/cricos/">CRICOS Provider Code 00586B</a> | <a href="http://www.utas.edu.au/copyright/copyright_disclaimers.html">Copyright & Disclaimers</a> | <a href="http://www.utas.edu.au/accessibility/index.html">Accessibility</a> | <a href="http://eprints.utas.edu.au/feedback/">Site Feedback</a> </td> <td width="32%"><div align="right"> <p align="right" class="NoPrint"><a href="http://www.utas.edu.au/"><img src="http://www.utas.edu.au/shared/logos/unioftasstrip.gif" alt="University of Tasmania Home Page" width="260" height="16" border="0" align="right" /></a></p> <p align="right" class="NoPrint"><a href="http://www.utas.edu.au/"><br /> </a></p> </div></td> </tr> <tr valign="top"> <td><p> </p></td> <td><div align="right"><span class="NoPrint"><a href="http://www.eprints.org/software/"><img src="/images/eprintslogo.gif" alt="ePrints logo" width="77" height="29" border="0" align="bottom" /></a></span></div></td> </tr> </table> <!-- #EndLibraryItem --> <div align="center"></div></td> </tr> </table> </body> </html>