An Implicit Model for Water Rate Setting Within Municipal Utilities
It is estimated that at least $1 trillion will be required over the next 25 years to maintain the current level of water service in the United States. A pay-as-you-go approach is expected to allow water utilities to pay for these expenses using water price increases. These price increases encourage...
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| Veröffentlicht in: | Journal - American Water Works Association 2015-09, Vol.107 (9), p.E445-E453 |
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| container_end_page | E453 |
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| container_issue | 9 |
| container_start_page | E445 |
| container_title | Journal - American Water Works Association |
| container_volume | 107 |
| creator | Enouy, Rrobert Rehan, Rashid Brisley, Neil Unger, Andre |
| description | It is estimated that at least $1 trillion will be required over the next 25 years to maintain the current level of water service in the United States. A pay-as-you-go approach is expected to allow water utilities to pay for these expenses using water price increases. These price increases encourage water conservation, decreasing overall water demand. Financial forecasts that fail to consider this effect will therefore overstate anticipated system revenues and potentially lead to realized shortfalls. Therefore, understanding changes in water demand is crucial for accurate price forecasting. This article combines simple relationships that are relevant to water supply services to develop an implicit model of time-dependent system revenues, water prices, and water demand. The implicit model provides a theoretical basis for water rate–setting to generate financially sustainable water utility revenues. Results suggest that a comprehensive physical infrastructure model is critical for precision and accuracy in model forecasts. |
| doi_str_mv | 10.5942/jawwa.2015.107.0122 |
| format | Article |
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| identifier | ISSN: 0003-150X |
| ispartof | Journal - American Water Works Association, 2015-09, Vol.107 (9), p.E445-E453 |
| issn | 0003-150X 1551-8833 |
| language | eng |
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| source | Wiley Online Library Journals; JSTOR |
| subjects | affordability Demand Financing Forecasting Forecasts guidance Infrastructure Modeling Price increases price‐elasticity rates Revenues sustainability water Water Conservation Water Demand Water Rates Water shortages Water Supply Water utilities |
| title | An Implicit Model for Water Rate Setting Within Municipal Utilities |
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