Power Club is the fourth energy retailer that has has fallen victim to Australia’s wholesale electricity prices following the voluntary administration of Enova Energy and the collapse of Weston Energy and Pooled Energy.
Small energy retailer Power Club, with members in Queensland, NSW, the ACT and South Australia, was suspended by the Australian Energy Market Operator (AEMO) on Tuesday.
Related article: Enova Energy enters voluntary administration
In a statement AEMO advised it had issued a notice to suspend Power Club Limited from all trading in the National Electricity Market (NEM).
“Power Club Limited is ineligible to trade or enter into any transaction in the NEM until such time as AEMO notifies Power Club Limited and all other Registered Participants that the suspension has been lifted,” AEMO said.
Power Club’s customers will be reassigned to Origin Energy, Energy Australia, and ActewAGL.
