Your average price per kWh for electric service will depend on your usage and the following pricing components:
*The wholesale price of electricity fluctuates based on real-time supply and demand. These are prices paid by Griddy members based on low, medium and high wholesale electricity prices.
Prices are exclusive of state and local sales taxes and the Gross Receipts Reimbursement.
The average price examples above are calculated using ERCOT’s wholesale price of electricity from Setpember 1, 2019 to August 31, 2020.
Griddy Price = RTSPP (Real-Time Settlement Point Prices) + Ancillary Services (ERCOT charges to support and maintain grid reliability, reconciliations and costs to minimize ERCOT collateral requirements) + Utility Charges + Membership
You can view the average Wholesale Price of Electricity for the past 12 months here.
The wholesale price of electricity updates every 5 minutes, is published by ERCOT every 15 minutes, and includes the electricity charge plus any other per kWh system reliability charges (available at http://www.ercot.com/mktinfo). To get your current real-time cost of electricity call us at (800) 993-6207 or enter in your zip code here.
See Terms of Service Agreement for details, a full listing of fees, and other terms.
Indexed to ERCOT’s wholesale price of electricity.
No. You are free to change REPs anytime with no termination fee.
Yes, consistent with ERCOT’s wholesale cost of electricity.
It will change consistent with ERCOT’s wholesale cost of electricity, which changes every 5 minutes, and is billed at 15 minute intervals.
Merchant Service Fee (not more than 2.5% + 25¢ per payment)
Yes. You establish a Connection Balance of $49 when you sign up. We will deduct from it daily based on your consumption. When your Account Balance reaches $25, you will be charged the Recharge Amount.
No. Instead we tell you when the price of electricity is cheap (usually more renewable generation) or expensive (less renewable generation). If you consume energy when it’s cheap, you will encourage more renewable generation.
This has varied from 0%-45%. Each hour has a different renewable content based on the amount of renewable generation on the grid.
Griddy Energy LLC.
11811 North Freeway, Suite 546
Houston, TX 77060
phone: (800) 993-6207 Mon - Fri 8:00 a.m. - 7:00 p.m. CT
This product is not available to Critical Care or Chronic Condition Residential Customers.
September 11, 2020
Download the EFL: AEP Texas Central document: