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The usual wholesale price of electricity is around $0.11 per kWh. The retail price of electricity is around $0.16 per kWh. So you save about $0.05 per kWh used
by freeone3000 6y ago
The usual wholesale price of electricity is around $0.11 per kWh. The retail price of electricity is around $0.16 per kWh. So you save about $0.05 per kWh used in an average month -- not bad! That's a free $20!
Until a "100 year" storm comes along, and makes the wholesale price of electricity $9 per kWh. Now instead of saving $20, you owe $8,800 more than usual.
- bdcravens 6y agoI had the service for 2 years. Most months I saved $50-100. Until this month wiped out my savings the entire time (I was able to jump ship soon enough to "only" rack up $1300 of electric bills with them lol)
- WrtCdEvrydy 6y agoIf I was saving $50-100, I would have put the extra towards a decent generator.
- shiftpgdn 6y agoI saved around $1700/year on Griddy due to some very simple smart home automation. My goal this year was to push it much further than that, alas.
- gnyman 6y agoDo you have any documentation or recommended reads for how and what you did? I've been thinking of doing something similar but wondering what parts make most sense to automate
- Dma54rhs 6y agoMost likely heating and cooling is what take up the cast majority of your bill, unless you have something more unusual going on.
- brianwawok 6y agoElectric cars can match or exceed AC as another big source.
- lxe 6y agoSo the "tiered brokerage" middle men make it more expensive on average by cheaper when wholesale spikes?