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I purchase my electricity for my apartment from the spot market in texas. (Griddy is the SF company). Yesterday, cost was $240. For 1 day. Most days cost $2 to

I purchase my electricity for my apartment from the spot market in texas. (Griddy is the SF company). Yesterday, cost was $240. For 1 day. Most days cost $2 to $4. Griddy actual sent out an e-mail and a text that said, "go to another supplier, this weekend is going to cost you a bundle".

testfoobar 6y ago
Wild. What is your usual 1 day electric bill? How long is this expected to continue?
- bdavis__ 6y ago
  most days are $0.40 to $2.00, depending on air conditioning use. supposed to end Tuesday night.
lsllc 6y ago
Per MW/hr? $2 to $4 seems way too cheap. Here in MA, National Grid in is approx. $0.1239 per KW/hr so x1000 (KW->MW) that would be ~$123 (that's the basic energy cost, not incl. delivery and the "extras" they hit you with).
- np_tedious 6y ago
  Parent said only that it was the daily cost for their apartment. No numbers or units
  - lsllc 6y ago
    Eh, I guess that's one interpretation of the comment, the OP was talking about cost per MW/hr. But at something like $9K MW/hr, then a day's worth of usage could well be $240. I guess with numbers like this I was just looking for clarification.
nradov 6y ago
Why would an apartment dweller sign up for such a service?
- deleted 6y ago
  [deleted]
- Kokichi 6y ago
  Because it's usually cheaper than the average energy prices from traditional energy providers.
- bdavis__ 6y ago
  Over the past 3 years, my monthly electrical bill has been 1/3 to 1/2 what it costs on a "regular" contract.
deleted 6y ago
[deleted]
bdavis__ 6y ago
Update. Friday, Saturday, and Sunday electric bill was right at $600. I changed providers Sunday night, so Monday was a reasonable $0.15 a kWh Buying electricity on the spot market is like betting on GameStop !