Energy companies refuse new customers in response to wholesale price cap

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Energy companies refuse new customers in response to wholesale price cap
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Some energy companies are refusing to take on new customers as others ramp up their costs in response to the Albanese government’s introduction of a wholesale price cap.

Australia’s second-largest energy retailer, AGL, has suspended serving new commercial and industrial customers after failing to secure a

contract supply of gas for 2023.AGL continues to accept new residential customers, however, has increased its price by more than 35 percent.

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