Description of Conduct

On 18 January 2024, the ACCC received an application from 1Circle Pty Ltd seeking authorisation for current and future organisations that will form the Business Renewables Buying Group (the Group). The Group seeks to establish a joint renewable energy buying group to pool their electricity demand and conduct a joint procurement and negotiation process for the supply of electricity and an equivalent quantity of large-scale generation certificates from a renewable energy project or projects connected to the National Electricity Market.

On 28 February 2024, the ACCC issued a draft determination proposing to grant authorisation for a period of 11 years. The ACCC also granted interim authorisation to enable the Group to initiate the joint electricity procurement process, prior to the ACCC’s final determination.

On 27 March 2024, the ACCC issued a final determination granting authorisation for a period of 11 years, until 18 April 2035, as sought.

The copy of the ACCC’s final determination is below.



Authorisation number(s)

  • AA1000660-1