Yesterday at 3:16 p.m., a megawatt of electricity from PECO cost about $31 an hour.
At 6:21 p.m., however, it cost $21. Five minutes later, it went up to $22.
And at 6:31 p.m. – yow, $29, up seven bucks in only five minutes.
An Electricity Price Ticker, showing the real time wholesale electricity price for the PECO area, has been unveiled by a partnership of regional energy groups that include the Penn Institute for Urban Research at the University of Pennsylvania.
It updates every five minutes, showing the price in Philadelphia and surrounding counties. You can find one of these tickers at the energy partnership’s page, Power is Knowledge. Right under it there, you’ll also find a scale showing that even $31 is actually relatively low.
Ironically, this may cause more electricity use as people go online to look at the numbers go up and down.
But of course, that’s not the point. Power is Knowledge is waging an Electricity
Price Awareness campaign, to make people see the connection between the wholesale price of electricity and their electricity bills, according to a statement from the University of Pennsylvania.
They also seek support for a national Smart Grid.
And if you haven’t wasted enough electricity learning about how much electricity you’re wasting, you can also take an Electricity Literacy Pricing Survey. It was originally designed by a U Penn student for other students, faculty and staff. But you can take it here.