Australia’s first community-owned energy retailer Enova Energy, has been placed into voluntary administration, due to rising costs.
Around 28 staff at the Byron Bay based facility will be made redundant, as a result of the closure.
Enova hasn’t been able to secure fixed pricing beyond July 1, leaving the business exposed to inflated prices.
More than 13-thousand customers will be given a new provider.
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ENOVA ENERGY PLACED INTO VOLUNTARY ADMINISTRATION
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