Thousands in Mackay sign up to landmark energy class action
MORE than 1000 residents in Mackay have signed on to a proposed landmark class action against the state's two energy wholesalers.
Law firm Piper Alderman last month met with residents and business owners in Mackay and surrounding suburbs, seeking registrations for the suit to be filed at the end of October.
The proposed class action is seeking to recover compensation for customers between 2014 and 2019 and will allege CS Energy and Stanwell Corporation engaged in conduct that artificially increased energy pricing.
Piper Alderman partner Greg Whyte said about 14,000 people across the state had signed up to the action, including 643 from Mackay and 444 from the city's suburbs.
"Certainly there has been a lot of support from the Mackay region and from people who still haven't heard about it sufficiently," Mr Whyte said.
"In general terms, every time we do make a visit to an area there is a significant spike in registration in that area.
"It really is a function of getting the word out; it's a complicated market and a complicated story."
Mr Whyte said the statement of claim was being finalised and he hoped to file the suit by the end of the month.
The class action, backed by litigation funder Litigation Capital Management, would apply to the period between 2014 and 2019.
Mr Whyte said Stanwell Corporations and CS Energy controlled about 70 per cent of the electricity dispatched in Queensland.
He said if successful, claimants could expect a "significant portion" of their electricity costs be compensated in the applicable period.
Mr Whyte said the claim was not against Ergon Energy as the retailer, but against CS Energy and Stanwell who he said were the wholesalers.
CS Energy and Stanwell previously indicated they would defend the claim when, and if, action was filed in court.
Anyone seeking information in relation to the claim should visit the website.