Irrigators in the Peel Valley are breathing a sigh of relief with the Independent Pricing and Regulatory Tribunal releasing its final decision on bulk water prices.
Currently Peel Valley Users are charged $55 per megalitre of water – the highest rate in the state.
But from July 1 next year the price will drop to just $18 per megalitre – in line with other valleys across New South Wales.
Over the next four years irrigators should see their bills drop by 70 per cent.
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