The Victorian coalition government have introduced the Fairer Water Bills efficiency program to help combat the rising cost of living in Australia.
Weekly household expenses are expected to become more affordable for residents of real estate in Carnegie as the urban water sector is encouraged to reduce water bills in Melbourne from 2014-15.
Over the next three years, water corporations will be required to review current practices to find areas where cost can be reduced to benefit consumers in Victoria.
"Delivering efficiencies and system-wide cost reductions is a key objective of Melbourne's Water Future, the urban reform policy adopted by the Victorian Government in December," Minister for Water Peter Walsh said in a January 18 media release.
Currently, an average Melbourne household using 165 kilolitires of water each year has needed to find an additional $700 in their yearly budget to cover the rising cost of water bills.
"I believe there is scope for significant productivity and efficiency gains in the urban water sector that will translate to future savings on household water bills," Mr Walsh said.