The Electricity Price Ticker Partnership, led by PJM Interconnection and Penn Institute for Urban Research, has unveiled its web-based Electricity Price Ticker that tracks the real time wholesale electricity price for the PECO area. The ticker is the centerpiece of the Partnership’s Electricity Price Awareness campaign, which aims to increase the public’s understanding of the connection between the wholesale price of electricity and their electricity bills to show that energy use patterns affect the price of electricity and to support national Smart Grid efforts.
In addition to PJM and Penn IUR, the partners are: University of Pennsylvania’s Facilities and Residential Services (FRES), the Greater Philadelphia Innovation Cluster for Energy Efficient Buildings (GPIC), Philadelphia Industrial Development Corporation (PIDC), Penn State’s GridSTAR, and PECO Energy. GPIC provided financial support for the ticker design.
A visit to the partners’ websites reveals a colorful ticker displaying the price of a megawatt hour of electricity, updated every five minutes (all but PECO and PJM, the source of the price, will display the ticker on their websites). The price can vary greatly during a single day and by season. A click on the ticker directs the users to the Partnership’s website (www.PowerIsKnowledge.com) to learn about the electricity market: how electricity is produced, transmitted, and distributed to homes and businesses.
From the Partnership’s website, users can browse the individual partner’s sites for information about awareness programs and events. For example, at PJM’s site (http://www.pjm.com/about-pjm/learning-center.aspx), users will learn what a megawatt hour of electricity can do; at Penn IUR’s site (http://penniur.upenn.edu/), visitors can take an electricity literacy test; at UPenn’s Facilities and Real Estate Services’ site (http://www.facilities.upenn.edu/sustain_emng.php), users can find out how to conserve electricity on a university campus.