Stanwell strongly refutes any allegations of misuse of market power at any time over the past five years.
Stanwell has been totally transparent in its trading activities in the wholesale electricity market and has acted in accordance with market rules and conventions.
The National Electricity Market is one of the most scrutinised and regulated competitive markets in Australia.
The independent Australian Energy Regulator (AER) monitors and reports publicly on price spikes which occur in the National Electricity Market. The AER reports have confirmed that high wholesale prices which have occurred in Queensland at various times over the past five years were the result of high demand resulting from extreme temperatures, and network limitations and not the rebidding strategies of generators.
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