No Pressure said:

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You can get 36 month fixed 8.7c/kWh all in @2000 kWh. 8.9 if you use 1000. Everyone here should just do that an end these ridiculous threads.

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Did this in mid July with Chariot and haven't looked back. 3 years no worries feels like heaven. Also only $49 cancellation fee...

You got a good deal. That price and cancellation fee plan is not available anymore. Current price is 9.5 cents based on 2000kwh and $15 per month times number of remaining months on contract

aTm_Bomb

I got the exact same plan. Looks like we struck when the iron was hot. glad i don't have to worry about this nonsense for 3 years.

About to be a huge spike in TDU fees in Sept enjoy!

This is not what I would consider huge.
"an amount that would raise electricity bills $2.38 a month for customers using 1,000 kilowatt hours of power."

redag06 said:

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This is not what I would consider huge.
"an amount that would raise electricity bills $2.38 a month for customers using 1,000 kilowatt hours of power."

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.6 mils on the average isn't huge? Interesting.

https://www.houstonchronicle.com/business/energy/amp/Griddy-customers-feel-bite-of-soaring-wholesale-14352985.php

I'd bet that 99% of Griddy customers couldn't say what the price cap even was before last week.

Dropped Reliant after paying close to $400 a month already (a month ago) to Tri-Eagle. Current rate of 9.3 cents/hour , $4.95 base charge and taxes and my bill was right at $200.

JABQ04 said:

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Dropped Reliant after paying close to $400 a month already (a month ago) to Tri-Eagle. Current rate of 9.3 cents/hour , $4.95 base charge and taxes and my bill was right at $200.

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Tri-Eagle...now owned by TXU. Both TXU and Reliant have numerous alternate brands.

What did you pay with reliant?

NomadicAggie said:

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When you sign up for Griddy, you are essentially short a naked call option. If you don't know what that means, you shouldn't be on it.

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Sounds kinky.

NomadicAggie said:

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When you sign up for Griddy, you are essentially short a naked call option. If you don't know what that means, you shouldn't be on it.

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I dont know that you have to fully grasp the complexities of options trading to sign up for variable rate power.

Charlie Murphy said:

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NomadicAggie said:

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When you sign up for Griddy, you are essentially short a naked call option. If you don't know what that means, you shouldn't be on it.

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I dont know that you have to fully grasp the complexities of options trading to sign up for variable rate power.

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That... and when you sign up you are short power, not short a call on power.

And if you think you are essentially short a naked call when you sign up for Griddy, then you shouldn't be trading options let along naked call options.

Griddy has got to be the epitome of the metaphor, "picking up nickels in front of a steam roller"!

aggiedaniel06 said:

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Griddy has got to be the epitome of the metaphor, "picking up nickels in front of a steam roller"!

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BUT IT MIGHT SAVE YOU FIVES (TENS?) OF DOLLARS!!!!

LOL, people risking thousands of dollars to save what is the price of two cocktails at a nice restaurant.

aggiedaniel06 said:

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LOL, people risking thousands of dollars to save what is the price of two cocktails at a nice restaurant.

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Risking 'thousands' of dollars? Hardly.

I'm not a Griddy customer because I like to have a predictable budget, but if you don't care about that and have a decent amount of cash, you probably will save an amount of money that starts looking significant in the long run using a service like Griddy.

At $9/kWhr you are probably burning $30 an hour or so only with your AC. Not hard to imagine hitting $1000 over the course of a month if you're not paying attention.

My combined 5 ton, 17 year old systems use 6kwh when both are in 2nd stage. You'd need two weeks straight of 24/7 max $9 rate to reach "thousands of dollars".

k2aggie07 said:

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At $9/kWhr you are probably burning $30 an hour or so only with your AC. Not hard to imagine hitting $1000 over the course of a month if you're not paying attention.

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If you assume an average household use of 1200kwh a month you are talking about load adjusted cost of like 800/mwhr for the entire month to get to a household burning $1000... it is a little hard to imagine that.

The scientists are out today!

Ags #1 said:

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What did you pay with reliant?

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We had a great rate for two years, then time slipped away earlier this year and we were paying 15 cents/kWh. My fault 100% for not paying attention, but looking at Reliant couldn't find a rate below 11 cents/kWh. In-laws have TriEagle and was able to get two years at 9.3 cents. Could I have done better and been more vigilant, absolutely. I like a good rate I can forget about for a year or two. I'm satisfied with my rate and my bill. My bill in May/June was right at $400. I'll be paying $200 even on Sept 4.

Sure, that AC number jives with what I guesstimated. Rough figure 3 kWh per hour for an AC unit. So, yours using 6 would be $54/hr at $9 per kWh, no? A single afternoon of 6kWh at an average price of $5 for four hours would be $120. We've seen that a couple days this month.

I think you may have dropped a decimal. If you're paying $9 per kWh - and yes, I realize that the prices don't generally stay there long - you hit $1000 after 111 kWhr. That would be 18ish hours of your 6 kWh AC running. Or something like 5 bad afternoons.

If you're not paying attention a monthly bill of >$1000 isn't hard to imagine.

Whole bunch of haters showed up

Quote:

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If you assume an average household use of 1200kwh a month you are talking about load adjusted cost of like 800/mwhr for the entire month to get to a household burning $1000... it is a little hard to imagine that.

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Not sure why you switched to MWhr? $1000 for 1200 kWh is $0.80 per kWhr. We've seen prices an order of magnitude greater than that. AC runs most when its hot, which is why load goes up, so your usage is going to be skewed toward the peak price if you don't manage it.

Put another way, if you think about constant use -- if you pay just a single hour of $9 it takes eight hours of $0.01 just to get back to $1. To get back down to 8 cents you need like 125 hours.

You're right, my math was off, I'll leave up my prior post for the deserved correction. It would still have to be at max rate for 37 hours to hit "thousands". We've come nowhere near that many hours at max rate (3 or 4?) Still not realistic. Your own discount retailer is going under and kicking you off their plan before we get to 37 hours.

And as stated multiple times throughout this thread, spot market pricing is only feasible if you are using smart home technology and/or arewilling to shift consumption.

Great thread. Nothing like a bunch of suburbanite Aggie dorks bickering online in order to justify a decision. This is why texags provides hours of entertainment.

Shife said:

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Great thread. Nothing like a bunch of suburbanite Aggie dorks bickering online in order to justify a decision. This is why texags provides hours of entertainment.

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And yet here you are chiming in.

Despite the high prices, my all-in utility bill for August, on a >4000SF home, is $449.30. I made some fairly minor modifications to usage for two or three days.

My July bill was $274.04; June (7th through 30th) was $195.77.

I'm just not to worried about the freight train (barring a natural disaster). If I have to switch at some point, that is always an option.

My guess Griddy eventually sells to TXU or Reliant.

Griddy was already bought by edf or np2 so they already have a large financier.

I'd do Griddy if they allowed me to pay say ,$40 a month for July thru sept with me price capped at $1 kWh instead of the $10 monthly fee and then $10 the rest of the year with no price cap.

The $9 kWh ercot price cap is a big deal for me and to me it doesn't make it worth it at least 2-3 months out of the year. When you could wipe out any savings in a week. Plus I'd rather not be inconvenienced to be hot in the summer.

k2aggie07 said:

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Quote:

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If you assume an average household use of 1200kwh a month you are talking about load adjusted cost of like 800/mwhr for the entire month to get to a household burning $1000... it is a little hard to imagine that.

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Not sure why you switched to MWhr? $1000 for 1200 kWh is $0.80 per kWhr. We've seen prices an order of magnitude greater than that. AC runs most when its hot, which is why load goes up, so your usage is going to be skewed toward the peak price if you don't manage it.

Put another way, if you think about constant use -- if you pay just a single hour of $9 it takes eight hours of $0.01 just to get back to $1. To get back down to 8 cents you need like 125 hours.

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Well... I mean let's look at reality. I haven't worked closely with power in a long time but we are 500 hours into the month now and I think the real time has cleared overall at like a $180-ish average. Even load adjusting your cost, that gives you an idea of how many hours you've actually seen real fireworks. That's in a month with ridiculously low reserve margins, from what I understand low wind production and 2 or 3 record peak loads....

... again it is a little hard to imagine the $1000 price bill scenario for a vast number of residential customers using Griddy.