Business
ASX company busted allegedly misleading customers – The Motley Fool Australia
Origin Energy told households its electricity rates were going up because of a government decision. The ACCC disagreed.
Energy provider Origin Energy Ltd (ASX: ORG) has paid a $126,000 penalty after the consumer watchdog accused it of misleading customers.
The Australian Competition and Consumer Commission (ACCC) revealed Tuesday the fine was paid in response to an infringement notice for a letter Origin sent to Victorian clients.
The letter stated that electricity prices were rising and the reason for it was the Victorian Essential Services Commission’s increase to the Victorian Default Offer.
But in reality, the…
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