Summary
On 31 January 2023, 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 from a renewable energy project or projects connected to the National Electricity Market.
Authorisation is sought for a period of 11 years.
On 1 March 2023, 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. Interim authorisation does not extend to the Group members entering into agreements with suppliers of electricity services.
The ACCC invites submissions from interested parties on the draft determination by 15 March 2023. If you wish to make a submission in relation to this matter, please lodge it via this web form.
An indicative timetable for the ACCC’s assessment is set out below.
|
Indicative date |
Stage in assessment process |
|
31 January 2023 |
Lodgement of application and supporting submission. |
|
3 February 2023 |
Public consultation process begins. |
|
14 February 2023 |
Closing date for submissions from interested parties. |
|
1 March 2023 |
Draft determination and interim authorisation. |
|
March 2023 |
Public consultation on draft determination including any conference if called. |
|
March/April 2023 |
Final determination. |
Authorisation number(s)
- AA1000634-1