Who is Stanwell Corporation?

  • Stanwell is a Queensland Government-owned energy business.
  • Stanwell is an electricity generator. We own and operate Stanwell Power Station west of Rockhampton, the Tarong power stations and Meandu Mine near Kingaroy, and Mica Creek Power Station near Mount Isa. 
  • Our people work hard every day to generate electricity to keep the lights on in Queensland and power jobs and industry.
  • We have a retail business which sells electricity to large commercial and industrial customers in Queensland, New South Wales, Victoria and the ACT. Stanwell also earns revenue through the international sale of coal.
  • All of Stanwell’s profits are paid to the Queensland Government, to fund vital services such as schools and hospitals.
  • Stanwell has contributed strongly to Queensland’s economic growth over decades through job creation and investment and powering industry.
  • Stanwell employs 700 direct employees, 400 indirect employees (Meandu Mine), and a number of contractors who provide support for site services and unit outages. 

Who intends to launch the class action against Stanwell? 

  • Piper Alderman intends to launch a class action against Stanwell and another Queensland Government owned energy company, CS Energy. 
  • The proposed class action is opportunistic and entrepreneurial, funded by an international litigation funder that treats class actions as a means of generating profits. 

Are the allegations by Piper Alderman true? 

  • We understand that Piper Alderman is alleging Stanwell misused its market power to influence wholesale electricity prices.
  • We strongly refute any allegation of misuse of market power.
  • We are confident we have acted in accordance with the extensive rules which govern the National Electricity Market, and we have always been transparent in our trading activities.
  • We intend to vigorously defend the class action in court, which will no doubt be a long and complex process.

Read our class action fact sheet