The allegations made by Piper Alderman and its international funder LCM are selective and misleading, and demonstrate a clear lack of understanding of how the electricity market operates.
The independent Australian Energy Regulator continuously monitors electricity wholesale markets, including bidding and rebidding, dispatch and prices.
Queensland taxpayers are the ones who will have to bear all the costs of defending this class action and this will mean reduced dividends to fund health, education and police services.
The class action is opportunistic, and funded by an international litigation funder that treats class actions as a means of generating profits.
What you need to know about Stanwell and the class action
Commonly asked questions about the class action
Video: Richard Van Breda discusses Stanwell's response
Stanwell strongly rejects Piper Alderman’s allegations
Learn more about the major costs which contribute to your electricity bill
The Australian Energy Market is complicated. Stanwell’s energy explainer platform, What’s Watt, aims to explain energy, simply
Stanwell is a Government-owned corporation, operated for the benefit of Queenslanders
Stanwell powers our biggest industries, supporting jobs for Queenslanders
All of Stanwell’s profits fund vital services such as schools and hospitals
