IPM Eagle LLP offered this section 87B undertaking in connection with its acquisition of the assets of Edison Mission Energy. IPM Eagle LLP is a consortium entity comprising of International Power Pty Limited and Mitsui & Co. Limited of Japan.
The undertakings alleviate the ACCC's concern that the acquisition would give International Power the ability to exercise market power in the Victorian region of the NEM, which would be likely to lead to electricity prices higher than warranted by usual supply and demand factors.
The undertakings will ensure that the acquisition will not give International Power the enhanced ability to raise wholesale electricity prices above competitive levels.
