Griddy Lowdown: August

Griddy members had another great month in August.

The average Griddy member rate was 9.3 ¢/kWh. Based on EIA data, the average Texas residential customer pays about 12 ¢/kWh. That’s about 30% higher than our members!

For the hours before 2pm and after 5pm, the average wholesale rate for electricity was less than 2 ¢/kWh and the average hourly renewable generation content was over 20%!

Between 2pm and 5pm, the wholesale price averaged about 11¢/kWh and the average renewable percentage dropped to about 13%.

Members in the AEP Central service territory paid slightly higher rates, with prices averaging about 3¢/kWh before 2pm and after 5pm and about 20¢/kWh between 2pm and 5pm, as maintenance work on the transmission lines caused some local price spikes.

Thankfully, we are through the worst of the summer heat now!

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