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Origin Energy to issue refund to customers worth $270,000
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Origin Energy to issue refund to customers worth $270,000

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  • Origin Energy will pay over $270,000 in refunds to thousands of electricity customers.
  • The direct financial impact is minor but requires the company to scrap the plan entirely.
  • The remediation follows an absolute regulator focus on misleading pricing within essential local services.

Origin Energy (ASX:ORG) will refund over $270,000 to more than 4,500 Australian consumers following a regulatory probe.

The watchdog found the company falsely promised its electricity plan would always beat basic power rates.

Affected households will receive an average payment of approximately $60 via a credit or direct refund.

The company stated it will permanently discontinue the controversial power plan and alter its future marketing names.

Following the announcement, the Origin Energy share price was unchanged at $9.50.

The enforcement action concludes a wider investigation sparked by a formal complaint from consumer group CHOICE.

The major utility provider currently manages around 4.8 million electricity, gas, and internet accounts across Australia.

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