PIPER ALDERMAN – QLD ENERGY CLASS ACTION

PIPER ALDERMAN – QLD ENERGY CLASS ACTION

The QLD Energy Class Action is a legal claim being brought against Stanwell Corporation Limited and CS Energy Limited on behalf of all business and residential electricity consumers in Queensland.

You are eligible to join the class action if you have paid for electricity in Queensland between the 2014 and 2019 period. For further information please refer to the attached documents.

Please be advised KCGO has simply made information available for members consideration should they be interested in participating and is in no way encouraging/endorsing members to participate or otherwise.

Les Elphinstone
Manager KCGO

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Daily Sugar Price

Wednesday, 12 August 2020

The October 2020 contract settled at: 12.74 US c/lb

The Australian Dollar currently trades at: 71.43 US cents

Forward indicative prices in Australian dollars are:

* $391 for Oct Contract – 2020 season

$398 for 2020 season
$387 for 2021 season
$373 for 2022 season
$366 for 2023 season

The 2020 Target Price Contract reflects a whole-of-season weighted average in a 3:2:1 ratio across the remaining three contracts.

For Growers who have chosen to roll 2020 – Season exposure, QSL will gross up their target price to be inclusive of roll costs incurred currently $0.58.

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Information sourced from QSL