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The New Daily

National

Sezen Bakan

‘Unprecedented’: Electricity customers told to find new retailers

Electricity Tony Wood

Smaller retailers are asking their customers to go elsewhere as wholesale prices rise. Photo: TND

Small energy retailers are urging their customers to switch to other companies in an unprecedented move driven by a 141 per cent jump in wholesale electricity prices.

Retailers said they were unable to absorb the massive spike in wholesale costs and customers who stayed put would be slugged with much higher bills.

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