Grains producer Viterra and malt producer, Cargill Malt Asia Pacific, have joined a 27-member group that has been given the official all-clear by the competition regulator to bargain as one entity with power generators for better electricity prices, according to a report by the AFR. This group which includes OZ Minerals, steelmaker Arrium, ASX-listed packaging group Orora and cement maker Adelaide Brighton which contributes up to 16 per cent of the electricity demand in South Australia, which has seen rising energy prices recently. The AFR report mentioned that the Australian Competition and Consumer Commission (ACCC) chairman Rod Sims said earlier this week, that if more businesses wanted to join then they would need to make a fresh approach to theACCC, as he predicted it would have a significant impact on the energy market in South Australia.
http://www.manmonthly.com.au/news/accc-gives-clear-group-energy-price-bargaining/
ACCC gives all clear to group for energy price bargaining














