On 27 March 2024, the Australian Competition and Consumer Commission (the ACCC) granted authorisation to 1Circle Pty Ltd and members of the Business Renewables Buying Group (the Group) to enable them to form a joint renewable energy buying group in which the Group pools their electricity demand and conducts a joint procurement and negotiation process for the supply of electricity and an equivalent quantity of large-scale generation certificates from renewable energy sources.
The ACCC granted authorisation for a period of 11 years, until 18 April 2035, as sought.
Further details about the application and determination are available on the ACCC’s public register.