How Does It Work?
Designed with you in mind.
Every morning, Monday through Friday, we send you an “alert” letting you know what the average price of wholesale electricity is for your location. You‘ll get one of three alerts:
- Normal pricing levels are in effect – Continue standard operations
- Elevated pricing levels are in effect – Consider reducing your consumption
- High pricing levels are in effect – Consider reducing your consumption
What Does the Price Mean
Wholesale electricity is priced in dollars per megawatt-hour ($/MWh) by the power grid operator. Price Point shows the average hourly wholesale electricity price during the hours of 7am-11pm for each day. This represents the largest and most variable component of your electric supply costs. 1 MWh is the same as 1000 kWh, so 50 $/MWh is equivalent to 5 cents/kWh.
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