Australian Energy Giant Sued for Allegedly Manipulating Electricity Prices

Australian Energy Giant Sued for Allegedly Manipulating Electricity Prices
AGL Power Station at Torrens Island in Adelaide, Nov. 4, 2019. AAP Image/Kelly Barnes
Alfred Bui
Updated:

One of Australia’s top energy companies has been sued for allegedly using bids to manipulate power prices and inflict financial damage on customers.

In early June, law firm Piper Alderman announced that it had launched a class action lawsuit against energy giant AGL following an investigation into abnormal hikes in electricity spot prices in South Australia, which is part of the National Electricity Market (NEM), between 2013 and 2020.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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