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AAP
AAP
Politics
Poppy Johnston

Gas price cap places pressure on retailers

Jim Chalmers said he was aware gas retailers were struggling to negotiate new supply contracts. (Mick Tsikas/AAP PHOTOS) (AAP)

The consumer watchdog is closely monitoring the behaviour of gas producers amid concerns the government's new price cap is disrupting supply talks with retailers.

Some gas retailers have stopped accepting new industrial and commercial customers, and are letting expiring contracts fall onto expensive default tariffs, as they have not been able to secure supplies from producers.

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