Payments for rooftop solar slashed as energy grid overloads

Payments for rooftop solar slashed as energy grid overloads

Households using rooftop solar will get paid up to a third less for supplying power to the grid as energy retailers around the country cut rates in response to a massive oversupply in the market.A reduction this week in the price of solar offered by EnergyAustralia is the latest in a series of price cuts by power companies that is expected to prompt households to change their power consumption habits, including when and for how long they use appliances.Loading…
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Source: https://www.afr.com/companies/energy/payments-for-rooftop-solar-slashed-as-energy-grid-overloads-20240929-p5kedf