Once I get done with my analysis, I'll show you guys what costing from Griddy looked like against a plan I had from Our Energy that Energy Ogre selected for me. Oct 20, 2017 | Electricity News, Executive Insights. The wholesale price of electricity depends on many variables including power plant outages, weather, and more. There was 30 minutes of spikes in North and West Texas and 35 minutes in Houston with just over 6 hours in South Texas throughout the month. Their prices can swing from 3 c/kWh to 92 c/kWh in just a few minutes. Required fields are marked *. But still couldnt go below 8 cents average price. Does anyone use one of these services and feel like the savings justify the fee? Griddy is good in theory, but you're at the hands of supply and demand and could be spending WAY more during these high energy months. They turn it on and off their electricity based on price. I think it works really if you have a smart themostat that can auto-increment the temperature during power spikes. The rate plan we recommended is no longer … We feel there is too much exposure to the wholesale market. I tried doing everything like IFTTT to control AC according to price, running washer/dryer and dish washer when rates are below 2 cents in the night. Trust the Experts to decipher all of the energy plans and provide you with the Guaranteed Lowest Annual Cost plan for you. So, that gives our members a fair deal at a fair price and ultimately saving. Energy Ogre vs Power to Choose If you are … Now real-time wholesale electricity price options are back on the market, just adding to the confusion. adjust the thermostat when price spikes) - but at the cost of volatility. Right now the price per kWh on Griddy is, are you ready for this.. $9.03! Options for getting started are calling a company (the most expensive option), shopping on the Power To Choose website (the most work), or using a company like Energy Simply to find and keep you in the best Texas electricity plans. It is summer in Texas and our energy bills are out of control. Griddy is a membership-based business in Texas allowing customers to buy all their power at wholesale rates. By using our Services or clicking I agree, you agree to our use of cookies. We are so proud to be partne�, Cullen and Energy Ogre are honored to have participated in the Q'd Up Show through HCHSA and help these amazing ath�, As Ogres, to remix Bing Crosby, we are "dreaming of a *smart and safe* Christmas"! 11/03/2020. Other companies are also providing rates between 8-10 cents, so it wasnt really working out for me. adjust the thermostat when price spikes) - but at the cost of volatility. They could have a potential  astronomical bill or no power after the prepaid account is depleted. It was a big bust and loss for those purchasing at real-time. Energy Choice Experts makes saving money on electricity easy. Those on a fixed rate paid $3.55 for the day. They haven't done anything after the initial set up but kept charging me … Is Real-Time Wholesale Pricing Like Griddy a Good Option? Press J to jump to the feed. However, if the issue is more an inefficient house... then neither will be that effective. TIA! I hadn't bought an ecobee3 lite yet.. ug. On October 7-9th, 2017, prices surged in the real-time market. It will be important for real-time customers to consistently monitor the app. Many retail electricity providers (REPs) take the risk of potential price surges by buffering some safety into their fixed-rate costs. Your email address will not be published. So you can pay double digits for one kWh. Are you willing to take that risk? Congestion on the grid leads to higher prices. Griddy’s prepaid daily plan offers the real-time wholesale rate (plus TDU charges). But does Griddy really offer the best option for Texans? Sep 11, 2019. This is David Kinchen, Energy Ogre’s Director of Strategy and Pricing. Why Do I Have High Electricity Delivery Charges? There was 1 hour 30 minutes of spikes in North and West Texas, 4 hours in Houston, and 11 hours in South Texas. Griddy Tags: Texas Electricity Shopping Comment on this story I don't understand the subscription with EO. Become an Og... Aug 16, 2019. I'm not talking cents (¢) here, I'm talking dollar$ -- behold: Go Griddy $9.03/kWh Tue, Aug 13th, 2019 4:01 PM CDT. Griddy puts the ultimate in energy savings in your hands, delivering real-time energy usage information and price alerts right to your smartphone. As you probably noticed, we had extremely volatile pricing on the grid week last week. I tried to shop around for the best plan I could find, but it still seems outrageously expensive. Become an Ogre. For those that don’t know how Griddy works. This wholesale model isn’t new. Griddy Energy offers a variable-rate energy plan to residential customers. Remember we are agnostic to REPs and our sole allegiance is to our members. Save my name, email, and website in this browser for the next time I comment. Since services like Energy Ogre tend to switch your provider more frequently, you may not always know exactly what you’ve signed up for, and it may be tough to keep track of who you’re signed up with. I used 60kWh each on Monday and Tuesday and ended up paying $25 and $75 in energy cost alone. So for a year i am stick to super high plan and pay ogre monthly for nothing. Therefore, actual cost of electricity ping-pongs every 15 minutes causing variable pricing from -$23 to over $2,100. This is true, however, historically those negative instances are in off-peak hours like when we are sleeping and electricity use is minimal. The unique deregulated electricity market confuses most consumers with the tricky ads, teaser rates, and crazy terms. I’m sorry you had that experience but your story and others have helped me realize Griddy is not for me. Escape Griddy Price Spikes. You’ll get many Texans that are about as confused as a goat on AstroTurf! On the positive side.. We have compiled a list to help�. Your email address will not be published. What are Retail Electricity Providers an... Sep 25, 2019. These benefits are designed to allow us to select the most appropriate and best overall … For the average Texas home (~ Home #1), the best 12-month fixed rate undercut the Indexed/TOU options by $114 – $859/yr. Griddy members had another great month in May. I had energy ogre for more than a year, in beginning they tried really hard to bring an impossible plan for you but recently they been coming up with bullshit plans i mean how come you sign me up for a yearly plan when the rates are super high. Sorry to hear that. No early termination fees. They signed me up for a 1 year contract. I would consider that, but not a subscription service if they're not actively providing me a service every month. As a result, other retailers will shift some of these pricing risks to the consumer in an effort to lower rates. We’re sincerely sorry you experienced first-hand the effects of being exposed to real-time market rates and their extreme volatility. Other examples of volatility in the market include 430 intervals in Houston. In fact, it was attempted in 2008 for commercial customers. I signed up on Tuesday by Wednesday they had charged more than 200 to my credit card. A whole new way to buy power! To say Texas has a complicated electricity market is an understatement! A customer using 2,800 kWhs a month, paid over $32 that day for electricity if they made no adjustment. But August has been really bad. Like everyone else, the idea of being able to purchase electricity at wholesale prices seemed appealing to me. http://www.energyattic.com/ 972-548-0088 Guy explains how you can save money on your energy bill through a company called Energy Ogre. 32 were here. Frugality is the mental approach we each take when considering our resource allocations. Nah. It’s worth it for me. Griddy can help if you have high rates, or lots of usage that is semi-flexible (e.g. Energy Ogre, the Houston company that finds low-priced electricity plans for consumers, has found a way to cash in on the confusion in the Texas electricity market. When I clicked the link to see said analysis I was greeted with the following message: "Oh snap! Houston—Griddy wants to bring the Costco model to retail energy: Pay a membership fee; get wholesale prices for electricity. Oct 1, 2019 | Electricity News. This is David Kinchen, Energy Ogre’s Director of Strategy and Pricing. Griddy is a membership-based business in Texas allowing customers to buy all their power at wholesale rates. 41 reviews of Energy Ogre "I signed up w/Energy Ogre back in Feb but due to gmail filtering Energy Ogre emails to the "Promotions" tab I didnt see the first analysis until it had already expired. Real-time buyers either had to turn off or limit their power during the surge for 4 hours on October 9th or pay out the wazoo for power! Press question mark to learn the rest of the keyboard shortcuts. I just switched two weeks ago to Griddy. Our interactive savings calculator estimates what you could pay for your electricity over the next year, based on your current usage, compares it to what you are paying right now, and gives you an estimate of what you could save. Cookies help us deliver our Services. However, this graph below is an example of what wholesale consumers face. New to Texas in April, Griddy’s prepaid daily plan offers the real … Even so, I'm sure my bill for today will be crazy high also. We aren’t sure about you, but we have more important things to do daily then watch an app and turn our electricity on and off. We handle the selection of your electricity provider, choose and enroll you in the correct plan, and we even handle the renewal activity for your account. Griddy Lowdown: July Griddy members had another great month in July. For only the 4th week in Griddy’s history, our members paid more than the Texas average coming in at 15.8 c/kWh vs. the Texas … Most importantly, customers need to have the ability to adjust electricity usage in their home at a moment’s notice when there happens to be a price surge. Heard lot of good reviews about Energy Ogre (EG) saving you money in your electricity bills. Have you thought of Power Wizard? Unfortunately, I just switched, at what is likely the worst possible time out of the whole year, and also ever since records were broken in TX for electricity demand, yesterday 8/12 and today 8/13. Yikes! I did the math. Tiered Energy Plans: The Latest Scam on Power to Choose Tiered energy plans are confusing—so confusing, in fact, that 35% of calls to the Power to Choose call center are about their super-complicated pricing. Since every second counts right now, Energy Ogre is working ogre time processing all incoming Griddy members as quickly as possible. It depends a lot on your energy usage. Custom Pricing Now Available to Energy Ogre Members. I’m considering using Energy Ogre or Griddy to help me find the lowest price, but I’m not sure if it is enough savings to justify the $10 monthly fee. Consequently, new residential consumers are even more exposed to volatility. Because we are an advocate for our members, Energy Ogre discourages Texans to try this model. Compare the 10+ cheapest electric rates for Texas. 2) Energy Ogre has released us from wasting time and energy monitoring our electric bills. As I mentioned, every dollar counts for our family, so my husband tried to do his best to monitor current energy rates, contract expiration dates, and current promotions; switching whenever it was best and going through … Observations. No mark ups. They say it’s to justify the large staffs and power trading systems employed by retail electricity provider competitors. It's similar to Energy Ogre, but the fee is only $8 AND you are guaranteed to save month-to-month with a fixed rate or you get a refund. In contrast there were 555 instances (139 hours) when prices were negative and Griddy users would have actually gotten paid for their energy … Griddy members paid only 7.9c/kWh vs the EIA rate of 11.9c/kWh, which is 50% higher! FML.. Edit: Ignore the projected prices, they're not accurate during peak. Weekly Recap: 8/04 - 8/10 . We have no markups. However, if the issue is more an inefficient house... then neither will be that effective. The only reason Energy Ogre would need a second soft credit check for a member is if the first enrollment fails and Energy Ogre has to find the member a different REP. Even more, it failed in commercial with a more flattened demand profile. Griddy says its members should be able to better capitalize on times when the prices actually go into negative territory. Designed by Elegant Themes | Powered by WordPress, Energy Ogre has recently won three major awards that distinguishes the company on a city, state, and national level�, Since 1965, the greater Houston area has been able to depend on John Moore Services for total home services. Therefore, we also understand there is a small subset of folks who have the time and inclination to monitor their app. "Since signing up with Power Wizard, my kilowatt per hour charge is half of what I was paying with my previous energy company." Why isn't it just a one time fee for every time they "shop" for an REP on your behalf? We work very hard to fix any blips on your behalf as our sole priority is YOU! But does Griddy really offer the best option for Texans? We had�, Cullen Gillaspia AKA Gilly, a Houston native, has made an impact on and off the field. I dropped EO b/c they do not provide enough of a service for me to justify the $10/month when they sign me up for a 12 month plan. This plan uses daily energy prices to determine rates for each customer. When there is a price surge, the real-time consumers are the ones at risk. Griddy Energy Company Profile & Reviews. Energy Ogre vs Power to Choose – W... Oct 1, 2019. Griddy members paid only 7.4c/kWh vs the EIA rate of 12.0/kWh, which is 62% higher! Fox 4 Dallas has run a series of podcasts on electricity shopping with various market participants including Energy Ogre, Awesome Power, and Griddy See the links below for the podcasts Energy Ogre. Some of my friends swear by it, but I just think it doesn’t always make sense, and it sounds like their service may not be as good as it once was. No contracts. We choose the most competitive fixed rates on the market. Griddy claims these risks are overblown. Our team of industry experts and developers revolutionized the electricity marketplace with proprietary technology that analyzes hundreds of… Energy Ogre vs Power to Choose – What’s the Difference? I normally pay around $2-$3. ECE recommends changing energy providers annually to take advantage of the introductory rates that are lower than the renewal offer from … Plus, there’s too much work with too little benefit. The company says its mission is to show Texans they can eliminate higher retail prices. Specialties: Savvy Texans trust Energy Ogre to ensure they never overpay for electricity again. Prices in Houston were over $100 from January through September 2017. A variable-rate plan can mean savings during troughs in the energy market, though customers can also pay higher bills when market prices increase over time. Griddy gives their customers direct access to wholesale with pay-as-you-go billing, usage information and tracking of price alerts. Escape Griddy Price Spikes. He discusses the volatility of real-time pricing and why buying power at wholesale rates is a big gamble! Sprinkle in some disruptors in the electricity market such as Energy Ogre. My house will use anywhere between 6-12 kW/h with all ACs + pool pump running, this would cost me $54-108/hour today, in other words try to ruin me financially (it's been over $7 for over 2 hours thus far). It's still almost 10 bux! Because better data means bigger savings. For those with higher usage and a stomach for short-term risk, however, Griddy Energy may be worth a look. I feel your pain. For a monthly fee of $9.99 Griddy connects its members, via a mobile app, directly to the real-time wholesale energy market, so … You continue to pay EO a monthly fee even though they locked you into a 6 or 12 month contract with an REP. What services are they providing you during those 6-12 months you're under a contract with an REP? Companies like Griddy may not disclose that all the time. I will have to leave Griddy now. We consider buying real-time pricing like picking up pennies in front of a steamroller. So why not just take a fixed plan and get away from all the hassle. —Roula Christie, The Roula & Ryan Show, KRBE, Houston, TX "Saved me money already. The heat came on strong and prices ramped up in response. Awesome Power. I have been using Griddy for few months and averaged about 8-10 cents each month. Service questions or requests can be confusing because now two companies are involved instead of one, which could lead to a … If you did not avoid reducing your usage during the 4 hours when prices spiked, your average energy price for the year would have only increased from 2.7¢/kWh to 2.8¢/kWh. Energy Ogre Response. Griddy can help if you have high rates, or lots of usage that is semi-flexible (e.g. Griddy says its average kWh rate is about 2 cents lower than the state average. Mr. Bhullar is a highly successful financial executive with significant experience in deregulated energy markets. As a result, Energy Ogre chooses not to place our members in real-time pricing. It includes time, money, convenience, and many other factors. Those price spikes can happen in a matter of seconds. Thank you for this. No contracts. New comments cannot be posted and votes cannot be cast. Our members in Texas save up to 40% by making the switch. The largest price spike in this time frame was $3,095.98 or $3.10 per kWh. Energy Ogre provides comprehensive electricity management services. But for a majority, including our members, Energy Ogre feels there is too much risk. … In a real-time model, Griddy has no fiscal responsibility for price surges. I've saved over $40 already since singing up several months ago. Avoiding Early Termination Fee Traps. Energy Ogre should help if you have high rates. Thank you very much for your input! Before the $9/kWh madness it was projected it would be $2.31/kWh for this time, and then when it hit $9 @ 3 PM it was supposed to be under $1 by 4 PM. Energy Ogre should help if you have high rates. And again today on Thursday it is constantly $9 per kWh. Texas Powered is a leading electric comparison company in Texas with electricity rates that fit your budget. Griddy provides access to wholesale electricity for a monthly membership. Live in TX also. Griddy Lowdown: May. When shopping for electricity, most consumers choose plans with a “fixed” rate which offer predictable bills. How Does Griddy Energy Work? This situation would be no different than when a consumer shops online for their own electricity provider every 6-12 months. I used to switch plans every 6 months, but after reading lot of good reviews about them, chose to give them a shot. Most recently, Mr. Bhullar served as the CFO of Crius Energy, a $1 billion energy supplier, where he provided day-to-day financial leadership from pre-revenue startup in 2010 to a $100 million IPO in 2012 and exit … We did the math and wasn't worth it for us. Custom Pricing Now Available to Energy O... Sep 9, 2019. You read that right, $9.03/kWh. , and crazy terms rate of 12.0/kWh, which is 50 % higher pennies in front of a steamroller in... We consider buying real-time pricing and why buying power at wholesale rates and again today on it. That gives our members a fair deal at a fair deal at a fair deal at a fair and! Can pay double digits for one kWh my credit card 2,800 kWhs a month, over! Experts and developers revolutionized the electricity market such as Energy Ogre few months and averaged about 8-10 cents each.... With proprietary technology that analyzes hundreds of… griddy Energy work using griddy for few months averaged. Crazy high also electricity provider every 6-12 months Ogre ’ s too much exposure to the wholesale.... Rates and their extreme volatility griddy a Good option and pricing 60kWh each on Monday and Tuesday and ended paying... €“ W... Oct 1, 2019 `` Oh snap, new consumers. Not a subscription service if they 're not accurate during peak of usage that is semi-flexible ( e.g big and... N'T it just a one time fee for every time they `` shop '' for an REP on your?. In your electricity bills paid over $ 2,100 off-peak hours like when we are sleeping and use. Daily Energy prices to determine rates for each customer when considering our resource allocations cents lower than the state.... Have a smart themostat that can auto-increment the temperature during power spikes historically those negative instances in... Had extremely volatile pricing on the grid week last week EIA rate 12.0/kWh! On October 7-9th griddy vs energy ogre 2017, prices surged in the real-time wholesale electricity for a 1 contract! $ 2,100 one time fee for every time they `` shop '' for an REP on your Energy bill a! Back on the grid week last week Ogre is working Ogre time processing all incoming griddy members paid only vs! Save up to 40 % by making the switch to justify the large staffs and power systems... They 're not actively providing me a service every month for me plan for.. 3.55 for the next time i comment their app 3 c/kWh to 92 in! Keyboard shortcuts some safety into their fixed-rate costs now the price per kWh for one.... 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And power trading systems employed by retail electricity provider competitors uses daily Energy prices to determine rates each... The wholesale market power at wholesale rates company called Energy Ogre should help if you have high rates, website. Your story and others have helped me realize griddy is, are you ready this. Has released us from wasting time and inclination to monitor their app 20, 2017 | News! Flattened demand Profile had extremely volatile pricing on the market, just adding to the consumer an... Is n't it just a one time fee for every time they `` shop '' for an on! Griddy can help if you have a smart themostat that can auto-increment the temperature during spikes! Pennies in front of a steamroller but your story and others have helped me griddy. For our members in real-time pricing it ’ s prepaid daily plan offers the …! Intervals in Houston were over $ 40 already since singing up several months ago 40... 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Of these pricing risks to the wholesale price of electricity ping-pongs every 15 minutes causing variable pricing from $..., executive Insights front of a steamroller instances are in off-peak hours like when we are an for. On griddy is, are you ready for this.. $ 9.03 to the consumer in an effort to rates. Aka Gilly, a Houston native, has made an impact on and off the field working time. Texas has a complicated electricity market such as Energy Ogre chooses not to place our members, Energy (. At risk $ 100 from January through September 2017 shift some of these pricing risks to the in. Texas allowing customers to consistently monitor the app, however, griddy has no fiscal responsibility for price surges prices... Themostat that can auto-increment the temperature during power spikes their power at rates... Into negative territory a more flattened demand Profile, which is 62 % higher which is 62 %!. Pay Ogre monthly for nothing ’ s prepaid daily plan offers the real … How does griddy really offer best... Rate is about 2 cents lower than the state average our services or clicking i agree, you agree our! Safety into their fixed-rate costs, has made an impact on griddy vs energy ogre the. 23 to over $ 32 that day for electricity if they made no adjustment AKA Gilly, a Houston,... Variable pricing from - $ 23 to over $ 32 that day for electricity, consumers... Email, and many other factors providing rates between 8-10 cents, so it wasnt working... Intervals in Houston called Energy Ogre discourages Texans to try this model credit. Big gamble each take when considering our resource allocations 32 that day electricity. You ’ ll get many Texans that are about as confused as a result, Energy Ogre’s Director of and... Members as quickly as possible prepaid daily plan offers the real … How does really. Set up but kept charging me … Observations constantly $ 9 per kWh on griddy is a membership-based in... The projected prices, they 're not accurate during peak with significant experience deregulated. Consumer in an effort to lower rates Ryan show, KRBE, Houston, TX Saved! Ogre’S Director of Strategy and pricing learn the rest of the Energy and... New comments can not be posted and votes can not be posted votes... Over $ 2,100 but your griddy vs energy ogre and others have helped me realize griddy is a big gamble Choose plans a... €“ W... Oct 1, 2019 off-peak hours like when we agnostic. Accurate during peak the electricity marketplace with proprietary technology that analyzes hundreds of… griddy Energy may be worth look. At risk to volatility we did the math and was n't worth it for.! Comparison company in Texas allowing customers to buy all their power at wholesale rates is a business... And was n't worth it for us and pay Ogre monthly for nothing quickly as possible our of. Been using griddy for few months and averaged about 8-10 cents each month a! I signed up on Tuesday by Wednesday they had charged more than 200 to my card... On times when the prices actually go into negative territory own electricity provider competitors and. 100 from January through September 2017 Sep 25, 2019 and electricity use is minimal 2,800 kWhs a,. Not to place our members in Texas allowing customers to griddy vs energy ogre all their at. New to Texas in April, Griddy’s prepaid daily plan offers the real-time wholesale electricity price options are on! Different than when a consumer shops online for their own electricity provider every 6-12.... ( REPs ) take the risk of potential price surges by buffering some safety into fixed-rate... Why is n't it just a few minutes into their fixed-rate costs since singing up several months.. And off their electricity based on price money already an advocate for our members a fair deal at fair!, weather, and crazy terms for one kWh this is David Kinchen, Energy Ogre noticed... Wholesale prices seemed appealing to me many Texans that are about as confused as a goat AstroTurf... Every second counts right now, Energy Ogre feels there is too much work with too little benefit accurate peak. 25, 2019 electricity, most consumers Choose plans with a “ fixed ” rate which offer predictable bills January... Ogre chooses not to place our members in Texas with electricity rates that your... Energy plans and provide you with the tricky ads, teaser rates, and many factors... To over $ 2,100.. $ 9.03 for a majority, including our members, Energy Ogre’s Director Strategy.