leftwing logo by Lizzehhhh Left Wing
Where science talks and bullshit walks (and Memes live)

Energy retailers making millions buying solar power on the cheap from homeowners

At a property on Victoria's Mornington Peninsula, workers are up early to install a rooftop solar system. While there's been anger in South Australia over its blackouts this summer, here there are outages every day.

Key Points

  • the great solar scam: households investing in solar energy and feeding electricity back to the grid for just a fraction of what it's worth
  • About 1.6 million Australian homes already have solar panels installed
  • paying customers either nothing or four or five cents and avoiding having to buy on the wholesale market for seven, eight, nine cents
  • Even making some conservative assumptions, household solar is a bargain for power retailers
  • retailers are making between $74 million to $370 million a year by getting rooftop solar on the cheap

Tags: leftwing.info, leftwing, news, australia, politics, political commentary, Solar, Australia, Renewables
David Leyonhjelm supported Adani in Parliament after investing in Abbot Point coal port
Renewable energy capacity set to exceed target Federal Government said was impossible
Queensland renewable energy jobs double in four months
Coalition's crisis has a simple cause: it keeps supporting deeply unpopular policies
Australian emissions to 'far exceed' 2030 Paris pledge as need for action rises: UN
Adani Carmichael coal mine: Former Indian minister sounds alarm on Adani's track record, mega-mine's viability
$2.5bn on a coal-fired power station? That's good old pork barrelling
Glencore's McArthur River Mine pays zero royalties once again; NT considers changes
Nationals call on Federal Government to phase out renewable energy subsidies
Power Giant Urges Australia to Exclude Coal in Its Clean Target
All Articles

Contact gfresh dot redshift at gmail dot com