On 29 March 2023, 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 from renewable energy sources.
On 1 March 2023, the ACCC granted interim authorisation to enable the Group to initiate the joint electricity procurement process while the ACCC completed its assessment process.
The ACCC granted authorisation for a period of 11 years, until 20 April 2034, as sought.
Further details about the application and determination are available on the ACCC’s public register.