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flag WA energy firms overcharged customers; Synergy led with $40M in overcharges, facing refunds but no major penalty due to weak laws.

flag An investigation by Western Australia’s Economic Regulation Authority found all energy companies in the state overcharged customers over the past two years, with Synergy the worst offender, overcharging 174,522 customers by $40.4 million. flag Synergy’s lack of automated billing oversight led to a formal compliance notice, while other suppliers also overcharged but were not formally penalized. flag The ERA called the issue a systemic failure, and Synergy has committed to refunds averaging $200 per customer, though the process will take months. flag Current laws cap fines at $100,000 regardless of impact, prompting calls for stronger penalties.

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