The QCA was directed to undertake a price monitoring investigation of Gladstone Area Water Board (GAWB) for the period 1 July 2015 to 30 June 2020.
In undertaking the investigation, we were to consider:
- the planned change in prices of water having regard to, among other things GAWB's pricing model and demand forecasts
- the forecast revenue based on the total prudent and efficient costs of carrying on the activity
- GAWB's planned return on capital and roll-forward of the regulatory asset base (RAB).
The QCA was required to provide a draft report by 28 February 2015 and a final report by 31 May 2015.