Power line

Statement regarding proposed class action by Piper Alderman

18 Jun 2020

CS Energy rejects the claims made by Piper Alderman about CS Energy’s bidding behaviours in the National Electricity Market (NEM).

CS Energy operates in strict accordance with, and takes very seriously, our obligations to comply with all rules and regulations governing its participation and bidding in the NEM.

These allegations have previously been investigated by the Australian Energy Regulator and the ACCC and found that elevated price were not the result of “identifiable uses or abuses of market power (for example, conduct of particular generators to ‘spike’ the price)”.

Queensland had the lowest average wholesale electricity prices in the NEM in FY2018, FY2019 and FY2020 (Source: AEMO NEM data dashboard).