ComEd, the "electric company" here, has come out with a deal offering customers real time pricing of their power usage, based on hourly market prices, instead of the usual flat rate per kilowatt hours used each month.
"Customers participating in the program will have the financial incentive to change their electricity usage habits to take advantage of lower-priced time periods and avoid heavy usage during higher-priced time periods. Program participants will receive hourly pricing and other useful information from the program's third party administrator, Comverge.
The first 110,000 customers to enroll in the Residential Real-Time Pricing Program will pay an additional $2.25 per month service charge on their bill to cover a portion of the costs associated with the installation of a new meter, capable of maintaining hourly usage data. Additional program participants may face a higher monthly service fee and other program related installation costs."
I'm trying to figure out what the catch is here, they never do anything that will take money out of their own pockets. Has anybody here had any experience with this kind of program? Any opinions?
http://www.exeloncorp.com/ComedCare_Main/ComedCare/learn/RealTimePricingPrg/
http://www.thewattspot.com/
"Customers participating in the program will have the financial incentive to change their electricity usage habits to take advantage of lower-priced time periods and avoid heavy usage during higher-priced time periods. Program participants will receive hourly pricing and other useful information from the program's third party administrator, Comverge.
The first 110,000 customers to enroll in the Residential Real-Time Pricing Program will pay an additional $2.25 per month service charge on their bill to cover a portion of the costs associated with the installation of a new meter, capable of maintaining hourly usage data. Additional program participants may face a higher monthly service fee and other program related installation costs."
I'm trying to figure out what the catch is here, they never do anything that will take money out of their own pockets. Has anybody here had any experience with this kind of program? Any opinions?
http://www.exeloncorp.com/ComedCare_Main/ComedCare/learn/RealTimePricingPrg/
http://www.thewattspot.com/