Part XICA of the Competition and Consumer Act applies to all electricity generators and to retailers that generate and supply electricity to small customers. Part XICA establishes three specific prohibitions targeting certain conduct in electricity markets. The prohibitions relate to retail pricing, financial contract market conduct and conduct in electricity spot markets.
Competition authorities around the world must work together to meet significant and evolving challenges in global markets, and consider whether traditional approaches to assessing mergers remained fit for purpose, ACCC Chair Rod Sims said tonight.
Mr Sims, speaking at a gala dinner in Melbourne for the International Competition Network’s merger workshop, said the meteoric expansion of large digital platforms, much driven by acquisitions, was one of many challenges confronting global competition authorities.