Synergy to pay $30M for breaching market rules

WESTERN Australia’s state government-owned utility Synergy is the latest to be caught breaking market rules.

Synergy to pay $30M for breaching market rules Synergy to pay $30M for breaching market rules Synergy to pay $30M for breaching market rules Synergy to pay $30M for breaching market rules Synergy to pay $30M for breaching market rules

Image courtesy: Synergy.

Between April 2016 and July 2017, Synergy was found to have breached WA's market rules by pricing its electricity in the balancing market, above its reasonable expectation of short run marginal costs.