August 13, 2019
SunWater has joined the independent waterexchange online trading platform, making it easier for farmers in the Wide Bay-Burnett area to trade water allocations.
Waterexchange provides customers with immediate access to real-time information about available allocations, transaction history and costs.
SunWater is the first water provider in Queensland to use the tool.
CEO Nicole Hollows encouraged water customers to consider undertaking their trading activities on the platform.
“With drought conditions still affecting much of the State, it is important water users have visibility of unsold water allocations, particularly seasonal trades,” she said.
“Increasing market transparency will lead to better utilisation of water throughout the State and we hope that moving our activities to the online platform will assist in achieving this goal.”
Customers can set up their own portals on the platform, making it easy to buy or sell orders, bid on water auctions and keep track of trades.
Trading activities are confidential, however, data relating to pricing and volumes is publicly available.
“We have received a lot of feedback about the water trading process and believe this user-friendly tool is a great solution that will benefit all customers,” Ms Hollows said.