The Australian Competition Tribunal grants authorisation to complete acquisition under the proposed conditions on the market for electricity wholesale and retail markets in NSW (AGL Energy / Macquarie Generation)

ACCC disappointed by Tribunal decision authorising AGL to acquire Macquarie Generation* The Australian Competition Tribunal (the Tribunal) has decided to grant conditional authorisation to AGL Energy Limited’s (AGL) proposed acquisition of Macquarie Generation. The Tribunal concluded that the proposed acquisition would result in such public benefit that it should be allowed to occur. The Tribunal also decided to impose conditions of authorisation. The conditions of authorisation place an obligation on AGL to offer not less than 500 MW of electricity hedge contracts to smaller retailers in NSW

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Australian Competition Authority, The Australian Competition Tribunal grants authorisation to complete acquisition under the proposed conditions on the market for electricity wholesale and retail markets in NSW (AGL Energy / Macquarie Generation), 25 June 2014, e-Competitions Bulletin Energy & Mergers, Art. N° 67330

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