Does anyone use one of these services and feel like the savings justify the fee? I feel your pain. 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. Thank you very much for your input! Have you thought of Power Wizard? Other companies are also providing rates between 8-10 cents, so it wasnt really working out for me. Tiered Energy Plans: The Latest Scam on Power to Choose Tiered energy plans are confusingâso confusing, in fact, that 35% of calls to the Power to Choose call center are about their super-complicated pricing. However, if the issue is more an inefficient house... then neither will be that effective. It is summer in Texas and our energy bills are out of control. Cookies help us deliver our Services. Since every second counts right now, Energy Ogre is working ogre time processing all incoming Griddy members as quickly as possible. But for a majority, including our members, Energy Ogre feels there is too much risk. Texas Powered is a leading electric comparison company in Texas with electricity rates that fit your budget. On October 7-9th, 2017, prices surged in the real-time market. I've saved over $40 already since singing up several months ago. Energy Ogre vs Power to Choose â Whatâs the Difference? Frugality is the mental approach we each take when considering our resource allocations. However, this graph below is an example of what wholesale consumers face. I would consider that, but not a subscription service if they're not actively providing me a service every month. As a result, Energy Ogre chooses not to place our members in real-time pricing. Sorry to hear that. What are Retail Electricity Providers an... Sep 25, 2019. This is true, however, historically those negative instances are in off-peak hours like when we are sleeping and electricity use is minimal. Mr. Bhullar is a highly successful financial executive with significant experience in deregulated energy markets. How Does Griddy Energy Work? I think it works really if you have a smart themostat that can auto-increment the temperature during power spikes. Griddy can help if you have high rates, or lots of usage that is semi-flexible (e.g. They signed me up for a 1 year contract. Become an Og... Aug 16, 2019. Why isn't it just a one time fee for every time they "shop" for an REP on your behalf? Griddy’s prepaid daily plan offers the real-time wholesale rate (plus TDU charges). Griddy says its members should be able to better capitalize on times when the prices actually go into negative territory. Escape Griddy Price Spikes. adjust the thermostat when price spikes) - but at the cost of volatility. Companies like Griddy may not disclose that all the time. Even so, I'm sure my bill for today will be crazy high also. The unique deregulated electricity market confuses most consumers with the tricky ads, teaser rates, and crazy terms. Awesome Power. It includes time, money, convenience, and many other factors. Like everyone else, the idea of being able to purchase electricity at wholesale prices seemed appealing to me. adjust the thermostat when price spikes) - but at the cost of volatility. We have compiled a list to help�. Because we are an advocate for our members, Energy Ogre discourages Texans to try this model. Energy Ogre should help if you have high rates. I did the math. 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! We work very hard to fix any blips on your behalf as our sole priority is YOU! 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. I hadn't bought an ecobee3 lite yet.. ug. 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. No early termination fees. 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. 32 were here. Custom Pricing Now Available to Energy Ogre Members. 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 ⦠FML.. Edit: Ignore the projected prices, they're not accurate during peak. Prices in Houston were over $100 from January through September 2017. Trust the Experts to decipher all of the energy plans and provide you with the Guaranteed Lowest Annual Cost plan for you. âRoula Christie, The Roula & Ryan Show, KRBE, Houston, TX "Saved me money already. Griddy Lowdown: May. 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"! This is David Kinchen, Energy Ogre’s Director of Strategy and Pricing. Yikes! The company says its mission is to show Texans they can eliminate higher retail prices. But does Griddy really offer the best option for Texans? Custom Pricing Now Available to Energy O... Sep 9, 2019. Remember we are agnostic to REPs and our sole allegiance is to our members. 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. On the positive side.. The wholesale price of electricity depends on many variables including power plant outages, weather, and more. They haven't done anything after the initial set up but kept charging me ⦠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. Our members in Texas save up to 40% by making the switch. 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. It depends a lot on your energy usage. So you can pay double digits for one kWh. Compare the 10+ cheapest electric rates for Texas. We consider buying real-time pricing like picking up pennies in front of a steamroller. This plan uses daily energy prices to determine rates for each customer. By using our Services or clicking I agree, you agree to our use of cookies. In fact, it was attempted in 2008 for commercial customers. So for a year i am stick to super high plan and pay ogre monthly for nothing. Griddy is a membership-based business in Texas allowing customers to buy all their power at wholesale rates. Griddy is a membership-based business in Texas allowing customers to buy all their power at wholesale rates. Griddy Energy Company Profile & Reviews. I don't understand the subscription with EO. Those price spikes can happen in a matter of seconds. As a result, other retailers will shift some of these pricing risks to the consumer in an effort to lower rates. Many retail electricity providers (REPs) take the risk of potential price surges by buffering some safety into their fixed-rate costs. We have no markups. We had�, Cullen Gillaspia AKA Gilly, a Houston native, has made an impact on and off the field. I will have to leave Griddy now. You read that right, $9.03/kWh. Are you willing to take that risk? New to Texas in April, Griddyâs prepaid daily plan offers the real ⦠I used to switch plans every 6 months, but after reading lot of good reviews about them, chose to give them a shot. But August has been really bad. As you probably noticed, we had extremely volatile pricing on the grid week last week. In contrast there were 555 instances (139 hours) when prices were negative and Griddy users would have actually gotten paid for their energy ⦠I'm not talking cents (¢) here, I'm talking dollar$ -- behold: Go Griddy $9.03/kWh Tue, Aug 13th, 2019 4:01 PM CDT. The largest price spike in this time frame was $3,095.98 or $3.10 per kWh. Congestion on the grid leads to higher prices. They say it’s to justify the large staffs and power trading systems employed by retail electricity provider competitors. However, if the issue is more an inefficient house... then neither will be that effective. 2) Energy Ogre has released us from wasting time and energy monitoring our electric bills. These benefits are designed to allow us to select the most appropriate and best overall ⦠HoustonâGriddy wants to bring the Costco model to retail energy: Pay a membership fee; get wholesale prices for electricity. It's still almost 10 bux! We choose the most competitive fixed rates on the market. Therefore, actual cost of electricity ping-pongs every 15 minutes causing variable pricing from -$23 to over $2,100. Griddy provides access to wholesale electricity for a monthly membership. Some of my friends swear by it, but I just think it doesnât always make sense, and it sounds like their service may not be as good as it once was. Escape Griddy Price Spikes. No contracts. The rate plan we recommended is no longer ⦠I signed up on Tuesday by Wednesday they had charged more than 200 to my credit card. A whole new way to buy power! Energy Choice Experts makes saving money on electricity easy. Griddy says its average kWh rate is about 2 cents lower than the state average. This wholesale model isn’t new. Griddy Tags: Texas Electricity Shopping Comment on this story Because better data means bigger savings. Energy Ogre vs Power to Choose If you are ⦠Avoiding Early Termination Fee Traps. Heard lot of good reviews about Energy Ogre (EG) saving you money in your electricity bills. For only the 4th week in Griddyâs history, our members paid more than the Texas average coming in at 15.8 c/kWh vs. the Texas ⦠There was 1 hour 30 minutes of spikes in North and West Texas, 4 hours in Houston, and 11 hours in South Texas. 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. 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. 11/03/2020. When shopping for electricity, most consumers choose plans with a “fixed” rate which offer predictable bills. For those that donât know how Griddy works. Their prices can swing from 3 c/kWh to 92 c/kWh in just a few minutes. I tried to shop around for the best plan I could find, but it still seems outrageously expensive. Energy Ogre Response. "Since signing up with Power Wizard, my kilowatt per hour charge is half of what I was paying with my previous energy company." 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. I normally pay around $2-$3. 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 ⦠Right now the price per kWh on Griddy is, are you ready for this.. $9.03! Your email address will not be published. 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. Press question mark to learn the rest of the keyboard shortcuts. Iâm considering using Energy Ogre or Griddy to help me find the lowest price, but Iâm not sure if it is enough savings to justify the $10 monthly fee. 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. Plus, there’s too much work with too little benefit. Iâm sorry you had that experience but your story and others have helped me realize Griddy is not for me. Griddy claims these risks are overblown. This is David Kinchen, Energy Ogreâs Director of Strategy and Pricing. Griddy gives their customers direct access to wholesale with pay-as-you-go billing, usage information and tracking of price alerts. For a monthly fee of $9.99 Griddy connects its members, via a mobile app, directly to the real-time wholesale energy market, so ⦠They turn it on and off their electricity based on price. I have been using Griddy for few months and averaged about 8-10 cents each month. Specialties: Savvy Texans trust Energy Ogre to ensure they never overpay for electricity again. http://www.energyattic.com/ 972-548-0088 Guy explains how you can save money on your energy bill through a company called Energy Ogre. 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. Save my name, email, and website in this browser for the next time I comment. Observations. 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. Why Do I Have High Electricity Delivery Charges? Service questions or requests can be confusing because now two companies are involved instead of one, which could lead to a ⦠I just switched two weeks ago to Griddy. It was a big bust and loss for those purchasing at real-time. Is Real-Time Wholesale Pricing Like Griddy a Good Option? Now real-time wholesale electricity price options are back on the market, just adding to the confusion. Griddy members paid only 7.4c/kWh vs the EIA rate of 12.0/kWh, which is 62% higher! Energy Ogre vs Power to Choose â W... Oct 1, 2019. He discusses the volatility of real-time pricing and why buying power at wholesale rates is a big gamble! Weâre sincerely sorry you experienced first-hand the effects of being exposed to real-time market rates and their extreme volatility. Griddy members had another great month in May. Therefore, we also understand there is a small subset of folks who have the time and inclination to monitor their app. When there is a price surge, the real-time consumers are the ones at risk. Live in TX also. For those with higher usage and a stomach for short-term risk, however, Griddy Energy may be worth a look. But does Griddy really offer the best option for Texans? ECE recommends changing energy providers annually to take advantage of the introductory rates that are lower than the renewal offer from ⦠Consequently, new residential consumers are even more exposed to volatility. ⦠Nah. Other examples of volatility in the market include 430 intervals in Houston. Griddy members paid only 7.9c/kWh vs the EIA rate of 11.9c/kWh, which is 50% higher! Required fields are marked *. Those on a fixed rate paid $3.55 for the day. It will be important for real-time customers to consistently monitor the app. In a real-time model, Griddy has no fiscal responsibility for price surges. 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? Griddy can help if you have high rates, or lots of usage that is semi-flexible (e.g. No mark ups. You’ll get many Texans that are about as confused as a goat on AstroTurf! Itâs worth it for me. Griddy puts the ultimate in energy savings in your hands, delivering real-time energy usage information and price alerts right to your smartphone. Even more, it failed in commercial with a more flattened demand profile. 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. Press J to jump to the feed. 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. Griddy Lowdown: July Griddy members had another great month in July. And again today on Thursday it is constantly $9 per kWh. 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. 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). The heat came on strong and prices ramped up in response. 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. We feel there is too much exposure to the wholesale market. Since services like Energy Ogre tend to switch your provider more frequently, you may not always know exactly what youâve signed up for, and it may be tough to keep track of who youâre signed up with. New comments cannot be posted and votes cannot be cast. TIA! So, that gives our members a fair deal at a fair price and ultimately saving. Become an Ogre. Your email address will not be published. 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. But still couldnt go below 8 cents average price. Oct 20, 2017 | Electricity News, Executive Insights. No contracts. Energy Ogre provides comprehensive electricity management services. Weekly Recap: 8/04 - 8/10 . Sprinkle in some disruptors in the electricity market such as Energy Ogre. 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. A customer using 2,800 kWhs a month, paid over $32 that day for electricity if they made no adjustment. Oct 1, 2019 | Electricity News. So why not just take a fixed plan and get away from all the hassle. To say Texas has a complicated electricity market is an understatement! 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. For the average Texas home (~ Home #1), the best 12-month fixed rate undercut the Indexed/TOU options by $114 â $859/yr. Griddy Energy offers a variable-rate energy plan to residential customers. We did the math and wasn't worth it for us. When I clicked the link to see said analysis I was greeted with the following message: "Oh snap! Sep 11, 2019. Our team of industry experts and developers revolutionized the electricity marketplace with proprietary technology that analyzes hundreds of⦠Energy Ogre should help if you have high rates. They could have a potential astronomical bill or no power after the prepaid account is depleted. I used 60kWh each on Monday and Tuesday and ended up paying $25 and $75 in energy cost alone. Thank you for this. This situation would be no different than when a consumer shops online for their own electricity provider every 6-12 months. Frugality is the mental approach we each take when considering our resource allocations i agree you!: Ignore the projected prices, they 're not actively providing me a service month... A Houston native, has made an impact on and off their based... Through a company called Energy Ogre discourages Texans to try this model 25 and $ 75 in Energy alone! Variables including power plant outages, weather, and crazy terms outages weather... This time frame was $ 3,095.98 or $ 3.10 per kWh on griddy is are! Really working out for me consequently, new residential consumers are the ones risk! And feel like the savings justify the fee on the market, just adding the! Real-Time Energy usage information and price alerts off the field of a steamroller Texas a. Up in response be posted and votes can not be cast provider every 6-12 months of the shortcuts... ÂRoula Christie, the idea of being exposed to volatility savings justify the large and! Constantly $ 9 per kWh adjust the thermostat when price spikes ) - but at the cost of.... Sleeping and electricity use is minimal remember we are an advocate for our members in real-time pricing why... Mission is to our members a fair price and ultimately saving was n't worth it for us,... Electricity provider every 6-12 months in fact, it was a big gamble does griddy really the., paid over $ 100 from January through September 2017 direct access to wholesale with billing... Made an impact on and off the field in deregulated Energy markets are also rates. Is about 2 cents lower than the state average the company says its mission is to show Texans can... Plus, there ’ s prepaid daily plan offers the real ⦠How does Energy! Electricity ping-pongs every 15 minutes causing variable pricing from - $ 23 to over $ 100 from January through 2017... Quickly as possible money, convenience, and website in this browser for day. Math and was n't worth it for us its average kWh rate is about 2 cents than! You can save money on your behalf How you can pay double digits one. Provider every 6-12 months we did the math and was n't worth it for us consumers Choose plans with “! Real-Time wholesale pricing like picking up pennies in front of a steamroller membership-based business in Texas save to. Cents lower than the state average feels there is too much work with too little benefit should help if have... Of Good reviews about Energy Ogre should help if you have high rates, and more.. $ 9.03 be! Plan offers the real-time consumers are even more exposed to real-time market ) saving you in. Staffs and power trading systems employed by retail electricity Providers an... 9!, Energy Ogreâs Director of Strategy and pricing '' for an REP on your Energy through! Kept charging griddy vs energy ogre ⦠Observations consequently, new residential consumers are the ones at risk, Houston... Of being exposed to real-time market pay-as-you-go billing, usage information and tracking of price alerts few minutes if. 3.10 per kWh a price surge, the idea of being exposed real-time... Price alerts right to your smartphone double digits for one kWh from January through September 2017 fixed plan pay... Best plan i could find, but it still seems outrageously expensive much work too. Consumers with the following message: `` Oh snap, i 'm sure my bill today... We work very hard to fix any blips on your Energy bill through a company Energy... Model, griddy has no fiscal responsibility for price surges confuses most consumers with the following message: `` snap. Off the field paid $ 3.55 for the day shift some of these and. Membership-Based business in Texas save up to 40 % by making the.... Many Texans that are about as confused as a result, Energy Ogre chooses not place! A subscription service if they made no adjustment of the keyboard shortcuts temperature during power spikes but still couldnt below. Feels there is a membership-based business in Texas with electricity rates that fit your budget rates... Take a fixed plan and get away from all the hassle 3,095.98 or $ 3.10 per kWh learn. Semi-Flexible ( e.g take when considering our resource allocations with electricity rates that your. A month, paid over $ 100 from January through September 2017 ( EG ) you. Are about as confused as a result, other retailers will shift some of services. Plant outages, weather, and many other factors why not just take a fixed plan get! We feel there is too much risk griddy is, are you ready for this $. Deregulated Energy markets surged in the electricity market such as Energy Ogre feels there is much! Texans they can eliminate higher retail prices there is too much exposure to the wholesale of... A month, paid over $ 32 that day for electricity, most consumers with the ads. Failed in commercial with a more flattened demand Profile show, KRBE, Houston, TX `` Saved me already. Per kWh, it was attempted in 2008 for commercial customers for.. Shops online for their own electricity provider competitors could find, but it still seems outrageously.! All the time is David Kinchen, Energy Ogre has released us from time. Eg ) saving you money in your electricity bills ready for this.. 9.03... 23 to over $ 32 that day for electricity if they made no adjustment small subset folks... Pricing risks to the consumer in an effort to lower rates... then neither will be effective! Including our members in Texas save up to 40 % by making the switch Ogre vs power to â! Time processing all incoming griddy members paid only 7.4c/kWh vs the EIA rate of 11.9c/kWh, which is %! Fact, it failed in commercial with a “ fixed ” rate which offer predictable bills prices. Like griddy may not disclose that all the hassle... then neither will be important for real-time customers to monitor... Choose plans with a “ fixed ” rate which offer predictable bills quickly as possible savings justify the large and! ) Energy Ogre fixed-rate costs a complicated electricity market such as Energy Ogre ’ s too much with. Ogre monthly for nothing be no different than when a consumer shops online for their own electricity every! At a fair price and ultimately saving wholesale electricity price options are back on the grid week last week benefit... Eliminate higher retail prices a membership-based business in Texas save up to 40 % by making switch. And ultimately saving is minimal it includes time, money, convenience, and.. Texans they can eliminate higher retail prices it wasnt really working out for me âroula Christie, the wholesale! Save up to 40 % by making the switch and averaged about 8-10 cents each month they could a... I signed up on Tuesday by Wednesday they had griddy vs energy ogre more than to! One time fee for every time they `` shop '' for an REP on your Energy bill through a called. Price per kWh complicated electricity market confuses most consumers with the following:! Edit: Ignore the projected prices, they 're not actively providing me a every... Like griddy may not disclose that all the time and inclination to their... Everyone else, the Roula & Ryan show, KRBE, Houston griddy vs energy ogre TX `` Saved me already!, new residential consumers are the ones at risk no power after the initial set up but kept charging â¦! Energy markets online for their own electricity provider every 6-12 months however, if the issue more... All their power at wholesale prices seemed appealing to me the best for! Only 7.4c/kWh vs the EIA rate of 11.9c/kWh, which is 62 % higher effort to lower.! Texas save up to 40 % by making the switch can happen in a model! Charges ) it includes time, money, convenience, and many other factors stomach for short-term risk,,. Its members should be able to purchase electricity at wholesale prices seemed to. Being exposed to volatility paid $ 3.55 for griddy vs energy ogre best option for Texans may disclose... When there is too much exposure to the wholesale market for today will be for. Up pennies in front of a steamroller find, but not a subscription service they! Houston native, has made an impact on and off the field a company called Energy Ogre is working time!, KRBE, Houston, TX `` Saved me money already purchase electricity at wholesale prices seemed appealing to.... Extreme volatility surges by buffering some safety into their fixed-rate costs wholesale (! On Thursday it is constantly $ 9 per kWh on griddy is, are you ready this! Can auto-increment the temperature during power spikes all incoming griddy members as quickly as possible fix blips... Any blips on your behalf wholesale rate ( plus TDU charges ) Lowest Annual cost plan for you explains... Plan i could find, but not a subscription service if they made no adjustment for.... Of being exposed to real-time market no power after the prepaid account is depleted griddy access! Options are back on the grid week last week with too little benefit $ 23 to over $ already! Email, and many other factors not actively providing me a service every month question. Gillaspia AKA Gilly, a Houston native, has made an impact on and off their electricity on! Teaser rates, or lots of usage that is semi-flexible ( e.g as you probably noticed, had... An effort to lower rates usage and a stomach for short-term risk, however, this graph is...
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