Today, the Federal Court of Australia dismissed claims by the Australian Energy Regulator (AER) that Stanwell Corporation Limited, a Queensland generator, had breached the ‘good faith’ provisions in the National Electricity Rules. The AER had alleged that Stanwell did not make several of its offers to generate electricity on 22 and 23 February 2008 in 'good faith' contrary to the Rules. The proceedings arose from the AER's report into sustained high electricity prices in Queensland on 22 and 23 February 2008. The AER had sought civil penalties, a compliance program, and costs.
Frontier Economics (Australia) advised Stanwell’s solicitors, Minter Ellison.
For more information, please contact Marita O’Keeffe at m.okeeffe@frontier-economics.com.au or call on +61 (0)3 9620 4488.
