The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • The ACCC has warned consumers to check their home energy solar systems after LG recalled its energy solar batteries
  • The batteries can overheat and catch fire, with nine reported incidents since October 2019 resulting in property damage
  • Despite the recall, the ACCC is concerned some consumers are unaware of the danger with about 6400 batteries still yet to be replaced
  • The ACCC says the affected batteries have also been supplied from brand names other than LG

The ACCC has warned consumers to check their home energy solar systems after LG recalled its energy solar batteries.

The batteries can overheat and catch fire, with nine reported incidents since October 2019 resulting in property damage.

Despite the recall, the ACCC is concerned some consumers are unaware of the danger with about 6400 batteries still yet to be replaced.

ACCC Deputy Chair Delia Rickard said the affected batteries have also been supplied from brand names other than LG.

“We encourage consumers to urgently check if they have an LG, Solax or Opal solar energy storage battery which is included in the recall by LG,” she said.

“These batteries have already caused injury and fire damage to properties and could lead to serious injuries or death.”

Electrical regulators have recommended consumers refer to their energy storage system instruction manuals to switch off the battery.

LG will replace all affected batteries free of charge.

More From The Market Online

Gold price surges as Fed and geopolitical risks mount

Gold has surged more than 8% in just over a week, climbing back above US$4,400 as…

Strong jobs data lifts rate hike expectations as Australian dollar jumps

Australia's unemployment rate held at 4.4% in June, prompting markets to increase the chances of an…

Inflation is the nation’s biggest economic concern: New Reserve Bank survey tells all

A new RBA survey of 9,000 Australians shows inflation remains the nation's biggest economic concern, ahead…

KPMG Australia weighs major job cuts as scandal fallout deepens

KPMG Australia is reportedly preparing hundreds of job cuts and partner pay reductions after the fallout…