The Federal Court has ordered by consent that Origin Energy Ltd and two of its subsidiaries (Origin) pay penalties totalling $325,000 for making false or misleading representations concerning the level of discount that residential consumers would receive under the DailySaver energy plan.

The rates used to calculate usage charges under the DailySaver energy plan, to which the discount applied, were higher than the rates under Origin's subsidiaries' standard retail contracts. As a result, consumers who signed up to the DailySaver energy plan effectively received a reduced discount.

Link: Origin companies fined for false and misleading representations

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