Queensland electricity provider LPE has sensationally told customers to change providers to avoid “extremely high electricity bills”.

In an email to customers today, CEO Damien Glanville said there has been a 611 per cent increase in the wholesale cost of electricity.

Scott Emerson read out the email sent to customers, and commended the business for their honesty.

“The Queensland wholesale electricity market is experiencing extreme and consistent price volatility never previously seen,” the email read.

The email says LPE is not able to provide competitive rates to customers, and it is “not in customers best interests to stay with LPE”.

“We are now faced with no alternative but to significantly increase our rates.

“We strongly recommend you seek an alternative supplier immediately to avoid extremely high electricity bills.”

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