QCA accuses Ergon Retail of overcharging regional businesses
Category: #world  By Ojaswita Kutepatil  Date: 2018-05-05
  • share
  • Twitter
  • Facebook
  • LinkedIn

QCA accuses Ergon Retail of overcharging regional businesses

In what can be touted as a significant move in the breach of state energy laws, Ergon Retail has been reportedly accused of overcharging more than 1100 regional businesses. Sources cite that regional businesses have been overcharged around USD 760,000 by the subsidiary of Energy Queensland Limited, a state-owned corporation.

The competition watchdog Queensland Competition Authority (QCA) revealed in a major investigation that Ergon had been billing large businesses with additional metering costs on top of the set electricity rates.

For those uninitiated, QCA plays a key role in setting regulated retail electricity charges for Queensland based on wholesale energy, network, and retail costs.

Roy Green, QCA chairman, revealed that some customers may also have been overcharged hundreds of thousands of dollars, owing to which he called upon the state’s largest electricity company to stop the illegal overcharging. He further said that Ergon Retail since January 1, 2017, has been charging large regional business for metering costs in addition to the notified prices.

According to Professor Green, QCA’s investigation will precisely confirm the number of customers and businesses that have been affected and to what extent. Once the investigation is completed, QCA will determine the necessary enforcement action that should be taken against Ergon Retail.

It has been reported that the action has been taken in order to ensure that the customers pay the energy provider only what has been required by the law.

Mr. Green was quoted stating that QCA’s primary concern is for the customers including large mines, government energy users and industrial & commercial sites. QCA will do everything in its power to ensure that the illegal overcharged bills are refunded and will take prompt actions against any further breaches that will be uncovered by the investigation team.

Investigation reports reveal that the breach has majorly affected the large regional businesses that have consumed more than 750 MWhr of electricity annually.



About Author

Ojaswita Kutepatil

Email: [email protected]   

Ojaswita Kutepatil

Ojaswita Kutepatil, a mechanical engineer by qualification, presently develops content for Market Size Forecasters, Algosonline, and other similar platforms. Having had a prior experience in Business Development and Technical Engineering, she now pens down articles pe...

Read More

More News By Ojaswita Kutepatil

Pepperfry to pump $12M in expansion & boost supply chain operations
Pepperfry to pump $12M in expansion & boost supply chain operations
By Ojaswita Kutepatil

The Mumbai-based online retailer also looks to step into areas like augmented/virtual reality to advance shopping experience.

Pepperfry, the online furniture & ...

Dream Incubator leads health-tech firm NIRAMAI’s Series A funding
Dream Incubator leads health-tech firm NIRAMAI’s Series A funding
By Ojaswita Kutepatil

NIRAMAI Health Analytix Pvt. Ltd., the Bengaluru-based breast cancer screening start-up, has reportedly raised around $6 million in Series A investment round that was led by Dream Incubator, a management consulting fir...

Levi Strauss plans share market comeback after more than 3 decades
Levi Strauss plans share market comeback after more than 3 decades
By Ojaswita Kutepatil

In a recent turn of events, renowned Jeans manufacturer Levi Strauss & Co has reportedly filed documents for getting listed on the New York Stock Exchange, on the lookout for returning to public markets after over ...