Texas Retail Provider Griddy Energy Launches Smart Home Automation To Respond To Price Signals

Texas retail provider Griddy Energy, whose product passes through wholesale prices to retail customers for a monthly membership fee, announced an offering under which customers may connect Griddy technology to smart home devices using the IFTTT platform, which automates members’ devices based on price signals.

For instance, if the wholesale price of electricity spikes for 15 minutes, Griddy members now have tools that can automatically tell their smart thermostat (such as their Nest or Ecobee devices) to turn off or adjust the temperature range, resulting in electricity savings.

Griddy said that, "Griddy members, on average, save $350 using Griddy’s innovative wholesale pricing model."

"With the addition of smart home automation, Griddy calculates that members who use these tools to control their smart devices will save an additional $100 per year on average, meaning a total savings of $450," Griddy said

"Depending on several factors including overall usage, what devices are connected for automation, and the efficiency of those devices, Griddy calculates some members may even save up to $300 per year just from these smart home automation tools," Griddy said

Griddy’s membership fee is $9.99 per month

The Griddy app is available for iOS and Android systems, as well as via their web app.