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Synergy to Refund $40 Million After Payments Were Taken on Closed Accounts Since 2009

Self-reporting to the ERA has triggered reviews, with refunds to follow over coming months.

Overview

  • The state-owned WA electricity retailer says more than 170,000 accounts were affected, with total overpayments of about $40 million dating back to 2009.
  • Synergy says payments continued to be accepted on closed accounts, in many cases without an issued bill, through channels including BPAY, direct debit, EFTPOS and Australia Post.
  • The company has begun contacting customers and expects reimbursements to take months, noting an average overpayment of about $230 and more than half under $100, with some amounts far higher.
  • Synergy has reported the issue to the Economic Regulation Authority, engaged independent reviewers through the state government, and implemented new measures to detect payments to closed accounts.
  • The disclosure follows a July finding that $2.29 million was taken from 2,845 Centrelink recipients on closed accounts, drawing fresh criticism from opposition figures about trust and governance.