On Wednesday 20 January 2021, law firm Piper Alderman announced it had launched a Queensland Energy Class Action against Stanwell and CS Energy, in the Federal Court of Australia.
While we have not seen the claim, we understand that Piper Alderman is alleging Stanwell misused its market power to influence wholesale electricity prices. Stanwell strongly refutes any allegation of misuse of market power.
The National Electricity Market rules are rigorously monitored and enforced by the independent Australian Energy Regulator.
Stanwell has always acted in the best interests of its customers and complied with the rules of the National Electricity Market.
We have always been totally transparent in our trading activities in the wholesale electricity market and have acted in accordance with market rules and our values.