The ERA calculated the company's pricing behaviour had a wider effect on the wholesale market and pushed up prices generally between $100 million and $192 million.
It said there was a likely flow-on effect to retail customers because it created an environment of higher prices in the market, which the Government would have had to consider when deciding on electricity prices for retail customers, including households. The penalty for a first breach of the market rules is $50,000 and $100,000 for subsequent contraventions.Treasurer Ben Wyatt said the allegations against Synergy were not a good look.
"Ultimately this is what you get when you create a monster like Synergy, which I remind you all was the merger of Synergy and Verve, giving [it] significant market power," Mr Wyatt said.Synergy is the dominant power retailer in Western Australia."The investigation relates to wholesale electricity and is not related to retail tariffs which are set annually by the State Government," it said.
paddington *industrial* customers. They gouge the rest of us all the time, but this article is just about industrial customers.
They were estimating my usage based on the suburb average until i chose to self-read my meter.
Sounds legit FFS
Shocking Had to b4 mjrowland68 says it.
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