Search found 10 matches

by philip964
Fri Aug 16, 2019 9:18 am
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

https://www.click2houston.com/news/loca ... -heat-wave

Griddy made the news. One poor customer has only been with them 8 days.

Right now for August I am at 30 cents per Kwh. Again yesterday wholesale prices went to 900 cents per Kwh.

What maybe is not being talked about is that the other electric providers are taking the hit. So if you signed up with someone for 9 cents, they are paying the 900 cents right now. As we know, businesses have to make a profit, at some point they have to raise prices for new customers or do something.
by philip964
Tue Aug 13, 2019 4:11 pm
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

philip964 wrote:
Tue Aug 13, 2019 3:35 pm
GeekwithaGun wrote:
Tue Aug 13, 2019 3:29 pm
Griddy is advertising they charge you wholesale rates plus the $10 "member fee", is the per/kwh you are quoting including that fee?

SQL Geek, did they hook you at a lower rate then at renewal time jack it up twice the price?
Yes all in.

Btw spot prices just hit 899 cents per KWh

I may pay a whole months worth of electricity just today.

Live by no hedge, die by no hedge.
When I’m quoting 7 or 8 or 17.8 that’s everything including Griddy membership. When I’m saying 899 cents per KWh that’s just wholesale electric cost.
by philip964
Tue Aug 13, 2019 4:08 pm
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

SQLGeek wrote:
Tue Aug 13, 2019 3:43 pm
GeekwithaGun wrote:
Tue Aug 13, 2019 3:29 pm
SQL Geek, did they hook you at a lower rate then at renewal time jack it up twice the price?
Who? My current provider I just signed up with? Certainly possible, I'll see at renewal. I always shop for the best rate when my contract is up though and rarely stay with a provider unless they are the cheapest.

With Griddy you're at the mercy of the wholesale market. Right now that's a very bad thing. Last Friday, I paid over $17 just in wholesale electric costs.

If you can't scale back your usage during the peak times, then you're going to pay dearly in this heat. My wife and kids are home pretty much throughout the summer so there's not a whole lot we can do to reduce usage in peak times other than making sure not to do laundry or wash dishes.
I precooled the house to 70 degrees and then with only one bullet to fire, raised the thermostat at 2:30 pm with prices at 400 plus cents per KWh. By 3:30 the price was 800 plus cents per KWh, so I raised the 2 nd floor thermostat some more. I will be curious to see the results tomorrow.
by philip964
Tue Aug 13, 2019 3:35 pm
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

GeekwithaGun wrote:
Tue Aug 13, 2019 3:29 pm
Griddy is advertising they charge you wholesale rates plus the $10 "member fee", is the per/kwh you are quoting including that fee?

SQL Geek, did they hook you at a lower rate then at renewal time jack it up twice the price?
Yes all in.

Btw spot prices just hit 899 cents per KWh

I may pay a whole months worth of electricity just today.

Live by no hedge, die by no hedge.
by philip964
Tue Aug 13, 2019 1:44 pm
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

So I have been with Griddy for I guess 5 months now.

Every month I have saved at least 50% off my previous provider which was Reliant with no contract, paying 17.8 cents per KWh. So my all in cost has been 7.8 to 9 cents.

With Griddy I have no hedge I’m paying wholesale spot price.

With the hot weather in August my prices have gone up to average 15 to 19 cents all in for August.

However yesterday at 2pm that changed. The price over that hour averaged 420 cents per KWh.

That may be some kind of record.

When August ends I will let you know the final tally.

I had disconnected the smart thermostats, but I plan on hooking them back up so I can control the temperature from my phone.
by philip964
Fri Apr 19, 2019 11:50 am
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

So I have had Griddy for a month.

9 cents a kWh including their 10 dollar membership fee. I have no contract with Griddy.

I was paying 17.5 cents a kWh or more from Reliant with no contract.

I used 1573 kWh for the month. A light month for me.

I noticed I cranked down the ac at night before bed since it was almost free, turning it back up in the morning.

So my electric bill dropped essentially in half.

I have noticed no change in the quality of my electricity.

It charges my credit card so I won’t be paying those pesky late fees Reliant charged. Plus I will now get airline miles.

I plan to reinstall my smart thermostats (nest) and actively change AC during the day to maximize cheap electric rates and do some peak shaving during the summer.

Still no telling what rates will be in August.
by philip964
Thu Apr 11, 2019 7:06 pm
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

I’ve now been on Griddy for three weeks. Still the weathers been mild, but the AC is on, but not running flat out.

I’m at about 7.5 cents a KWH all in.

Under the stupid lazy consumer price that Reliant was given me it was 17.5 cents a KWH all in.

So right now I’m very pleased and feeling bad I didn’t join them a year ago when I first heard.

I’m cranking down the AC at night as it’s like 1.8 cents for the power only. It costs like 10 cents an hour to run the AC late at night.

Still nervous as to what happens when demand goes up in the summer. There have been some prices spikes up to 9 cents a KWH on some hot days already.

I’ll keep you posted.
by philip964
Sun Mar 24, 2019 3:53 pm
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

surprise_i'm_armed wrote:
Sun Mar 24, 2019 3:24 pm
ERCOT = Electric Reliability Council of Texas.

www.powertochoose.org was the state of Texas' idea to allow comparison shopping for electric providers. Dave, the consumer watchdog from the Dallas Morning News, has been exposing them for quite a long time to be a deceptive website.

He has stopped referring to the PUC (Public Utilities Commission) as the PUC. He simply calls it the UC, since they don't care to actually operate in the public's best interest. An official of the PUC refers to the consumer watchdog as a grandstander since Dave is calling bull on the deceptive website's practices.

powertochoose.org is full of deceptive information, gotcha fees, and all kinds of nasty expenses hiding in the voluminous fine print of their agreements.
You have to be a contracts lawyer to plow through all the legalese. How about just a simple statement of KWH price, and 1 or 2 fees?

If the state actually chose to make the website more transparent, so that you could make easy apples to apples comparisons for prices and fees, that would beome a highly useful site for electricity consumers.

Prior to deregulation, Lewisville, Texas residents had no options. All electric service was provided by Texas New Mexico Power and their rates were very high. Then they changed their name to FCP (First Choice Power). I was still a long time user of FCP, since for a while their rates were OK, but then they raised my KWH rates to the moon. When I wised up and went with a cheaper TXU plan, all of a sudden FCP started calling me to switch back. No thanks you robbers!

SIA
I was tired of my high bills three or four years ago and with natural gas prices so low, I thought I should be paying less. I hear maybe on the radio about this state of Texas website you mentioned above.

I went there and looked at all the plans, seemed like I had to have auto draft from my checking account and sign a one two or three year contract to get a rate much lower than I was paying. I decided at the time to just stay where I was.

Early on then the market was deregulated many people switched to too good to be true companies who then went belly up with horrendous problems for their customers. So again I was very wary of changing.

Every month I get the letter from TXU trying to lure me to them with a $500 gift card. But I have always figured there is no free lunch and they would get it back.

I’m still wary, we will see how this works out during the summer. My bills were previously $750 a month last Summer. So if I’m saving all the rest of the year and pay equal or just a little higher during the summer, we could be talking new gun money.
by philip964
Sun Mar 24, 2019 1:13 pm
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Re: Electricity Providers

They also show you your all in rate as they call it.

With 4 days experience I’m at 8.1 cents per KWH.

We will see over time.

I got my last bill from Reliant for a partial month but essentially during the same energy useage period it was 18 cents a KWH all in. So is that a 65% savings?

Now I’m feeling stupid for not doing something sooner.
by philip964
Sun Mar 24, 2019 10:26 am
Forum: Off-Topic
Topic: Electricity Providers
Replies: 30
Views: 1472

Electricity Providers

I'm pretty slow on these sorts of things. I recently switched from Reliant who has provided my electricity since 1976.

I was under the rate they give you if you don't call them up and complain. No contract, paper bill once a month, $50 late fee if your check arrives more than 0 days after the due date printed on the bill.

I was paying 13.2 cents per KWH for the electricity plus all the normal fees. The rate was supposedly tied to natural gas prices or something because during last summer it was 14.6 cents. No free weekends, no free nights, no $500 gift card for switching, just simple and 13.2 cents a KWH.

A friend joined Griddy about a year ago. He seemed very happy. An app on his phone, shows him his rate every 5 minutes, shows him his hourly useage, and how much he is paying per day. Its charges his credit card like the toll road authority. One amount every so often, drawing from that every day until that is gone and it then charges that same amount again to his credit car. So your paying by the day. Supposedly your buying electricity at wholesale rates and then the only profit they make is a $10 fee they charge you once a month for the service.

I joined six days ago. I just down loaded the app on my phone and signed up. Two days later I was switched automatically and started seeing my useage on the phone app. My first day I was paying like 1.8 cents a KWH. Next day it was higher like 2.2 cents a KWH. My bill for just the electricity has been ranging from 75 cents a day to maybe 1.25 a day. The taxes and fees are much higher. It was the other way around with Reliant.

Reliant called Friday and wanted me back. They immediately said they would charge me something like 9.5 cents per KWH a what 25 percent reduction what they had been charging me. There is no contract with Griddy, so I guess I could go back at any moment.

My friend has warned me that during August the price goes way up, and for two weeks or so he is paying more than the average customer pays, but then it goes back down lower. He thinks he saves 25 percent over his previous plan.

On You Tube there is a guy warning me I could pay as much as 8 dollars a KWH for 5 minute periods during the summer. My friend says with the Griddy app, I can get a price spike warning from my phone and then send a message to my Nest thermostats to turn off the AC for 5 minutes until the crisis passes. We will see.

Obviously I have joined at a time I'm not using much electricity and prices are also low because of that. We will see.

So far its been fun seeing that I'm only now spending a dollar a day on electricity. I'll keep you posted.

Here is the main website, I didnt use it. I just did the whole thing from my phone. It is apparently a Houston Company.

https://www.gogriddy.com/about/

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