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

Energy retailers are buying electricity from homeowners with solar panels at lower prices than what they would pay on the wholesale market.

It’s been called 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, and sometimes for free.

At the same time, the energy market operator is complaining that even it can’t find out how much solar is going into the grid at peak times that are critical for the network. It comes amid surging power prices and calls for a bipartisan energy policy.

MORE: Energy retailers making millions buying solar power on the cheap from homeowners – ABC News (Australian Broadcasting Corporation)