We are extremely disappointed by the proposed class action by Piper Alderman and their privately-funded backers, LCM Finance.
We reject the claims that they make about CS Energy’s bidding behaviours in the National Electricity Market (NEM).
CS Energy is a proudly Queensland-owned and based company that provides power to some of our state’s biggest industries and employers. More than 500 of our staff live and work in the Queensland communities where we operate, and we will continue to support them and the customers who rely on us to power their operations every day.
We are particularly concerned on behalf of all Queensland consumers about some of the promises being made to vulnerable families by a privately-funded class action in what has been a tough year for many.
Our number one priority, as always, is to safely deliver reliable and competitively-priced electricity to power our economy – Queenslanders have had the lowest average wholesale electricity prices in the National Electricity Market for the past three years.
We will continue to provide jobs and opportunities that support Queensland families and businesses.