What’s so difficult about the concept? They pass through the wholesale price to the customer. Make sure you monitor that price and manage your usage accordingly. If you can’t monitor the price (even w/ automated monitoring) or manage usage, it’s not for you.
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Replying to @subq @notthefirstryan and
And I've got exactly two ways of finding that out. 1) The http://griddy.com under the title of "How to Handle The Rough Times" 2) Paying over $300 for half a month when all of July was less than $70. Seems to me griddy would want my $10 every month and not send me packing.
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Replying to @Jeffswaterworks @subq and
Here’s are a few tweets that express my take on Griddy’s marketing. My opinion is that Griddy is now paying the price for targeting its marketing to customers not well-suited for wholesale.pic.twitter.com/d013EOc5HI
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Replying to @AstonishingFMan @Jeffswaterworks and
You know, they said they are going to start looking at some of those things to help protect members moving forward. This debacle exposed some flaws in their business design but it looks like they are wanting to address those, so that’s good (if they actually do).
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Replying to @subq @Jeffswaterworks and
Yeah. But in the current/mid-term ERCOT environment when operating reserves will be stressed more often, pushing real time prices higher more often, I dunno if Griddy model will work for enough customers to be sustainable.
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Replying to @AstonishingFMan @subq and
Note how Griddy’s own statement about price spikes has changed lately. On Aug 1 Griddy said price spikes over $1 happen only .04% of the time. But by Aug 14, Griddy had changed that claim to say price spikes over $1 happen .8% of the time. .8 is 20 times more often than .04!pic.twitter.com/aZDwgWtDrs
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Replying to @AstonishingFMan @subq and
We updated our stats to reflect what has been going on in August :)
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Spikes over $1 happening 20 times more often than before (rising from .04% of the time to .8% of the time). That’s a pretty big change. Does Griddy have a time frame for these stats? Do they refer to previous year or previous 5 years or since the dawn of history or what?
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Replying to @AstonishingFMan @subq and
Unfortunately that was a typo. It wet from .04% to .08% not .8%. We apologize. But from the past couple of days that .08% has been updated to .09%. All of this data is collected since 2015.
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Thanks for clarifying!
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Replying to @AstonishingFMan @subq and
Of course!
10:42 AM - 20 Aug 2019
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