What is wholesale?
Wholesale electricity changes every 5 minutes
The grid is an interesting and magical thing. It takes energy from generators (a mix of natural gas, coal, wind, solar and nuclear energy) and moves it along the poles and wires (that are maintained by your TDU) to your home or business. And voila! You can power your lights.
The wholesale price of electricity is set by the grid operator, ERCOT, and can change every five minutes depending on supply and demand. When there is excess energy on the gird, prices drop and can even go negative, which means you are getting paid to use electricity (awesome!). And when demand is high like on hot summer days or winter storms, prices can spike. The highest the price can go to is $9/kWh (which has only ever happened 0.005% of the time.) Most of the time though, 96.9% to be exact, it is below the Texas Average of 6.8¢/kWh
It is this wholesale cost of electricity + TDU delivery charges + taxes and fees that we pass along to you without mark-up for $9.99 a month.
How do I get billed?
Easy and automatic pay-as-you-go billing
No more paper bills. You’ll be able to view your billing statement any time in the Griddy app. Excellent!
- Add $49 to your account balance upon enrollment. This is your money that goes to your future electricity use.
- Your account balance will then be debited daily based on your usage.
- When your account balance reaches $25 (our balance minimum), you will be recharged the $49 to ensure continued, uninterrupted service.
- You can change your recharge amount to better reflect how much you would normally pay in a month.
Is there price protection?
You'll have peace of mind with Griddy Price Protection
While wholesale beats the Texas Average 96% of the time, we understand not every member has the flexibility to shift their usage when prices change.
- After you sign up for Griddy, starting soon you can switch to a low, competitive rate at any time.
- We'll post a new rate every three months depending on the season that reflects projected market conditions.
- You can opt-in to summer Price Protection which will switch your rate from June 1 - August 31. Lock it like it's hot!
What can Griddy do for me?
Smart Home (of the Future) Automation
Easily and automatically adjust your usage based on the price of electricity. If the price goes up, shut off your pool pump. If it drops, turn on your smart thermostat to cool your house down when prices are cheap.
Works with:
- Ecobee
- Honeywell
- Smart Plugs
- SMS
- The possibilities are endless
Robots might be taking over, but at least you’ll be saving.
How It WorksWhy do I pay a membership?
Transparent pricing
No markups, no markups, and oh yeah...no markups. You pay exactly what we pay – the wholesale rate.
We’re aligned with you. All we make is a flat $9.99 a month membership.
How does Griddy work?
Making the switch is easy
- Become a member for $9.99 a month to get access to wholesale energy prices.
- Add funds to your account balance upon enrollment.
- If you are switching, we’ll contact your current provider so you have uninterrupted service.
- Download the app and see how fun tracking electricity prices can actually be.
How does Griddy work?
Get access to wholesale electricity prices
How does the app work?
Take the Griddy app for a test drive
Why should I switch to Griddy?
Here's what our members are saying
If you love paying too much for electricity, Griddy is really going to disappoint you. Wholesale prices plus a $9.99 monthly membership fee is as low as you can possibly pay. Prices sometimes go into the NEGATIVES -- meaning you earn money by using electricity (whaaa????) I love Griddy.
This has worked great for us. Savings have paid off my cancellation fee with previous provider after 4 months. I estimate I’ll save around $200-$300/year.
Couldn't do without it! Seriously, if you're going to take responsibility for monitoring real-time prices, in order to save money over the providers' for-profit offerings, you HAVE to have this app. It provides all the information you need to stay on top of your electricity consumption.
