Australia also uses wind and solar energy to power electricity demands. © Getty Images
Australia also uses wind and solar energy to power electricity demands. © Getty Images

Australian retailers get green light to jointly buy energy

23 September 2019

A group of large retailers in Australia has been given permission to jointly tender and negotiate with suppliers to lower electricity bills.

In a draft determination, the Australian Competition and Consumer Commission (ACCC) said 41 members of the Large Format Retail Association (LFRA), including IKEA, Costco and Bunnings Warehouse, would be authorised to jointly buy energy.

 Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here

JOIN CIPS

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

LATEST
JOBS
Falmer, Brighton
£33,797 rising to £40,322 per annum
University of Sussex
Richmond upon Thames, London (Greater)
Competitive
Tails.com
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE