Origin loses case in QLD Supreme Court
Origin has lost an appeal against the Queensland Government which it maintained had set electricity price caps too low for it to recover costs.
The Queensland portion of the NEM is controlled by state-based regulators that stipulate the amount a retailer can charge for electricity and gas. In Queensland, this is body is the Queensland Competition Authority (QCA).
Origin stated that the QCA had undervalued the costs of operating in the NEM, and threatened to charge consumers more than the set price cap. Although, Origin did not follow through with the increase and instead took the state regulator to the Supreme Court. Following its loss voiced its support for full electricity deregulation which would remove the power of the QCA to set price caps.