Why don’t the numbers seem to add up?
When considering the water recovery information for the first time, it might seem that the numbers don’t add up. There are several explanations for this. The LTCE or long-term Cap equivalent number does not equal the sum of any entitlements recovered under the measures. This is because the entitlements gained are all converted to LTCE for accounting under The Living Murray as this figure takes account of the long-term reliability of allocation under different entitlements and therefore produces a common unit of measure. To illustrate the difference, the 478.97 GL LTCE on the Environmental Water Register is currently made up of approximately 985.67 GL of entitlements, but some of those entitlements are low reliability and would be available only under average/wet conditions. They are thus ‘worth’ comparatively much less as an LTCE volume. The information in the Water Recovery Progress Report seems to differ from recent announcements by some states who have reported they have met their t
