Evolve Energy // Blog

Work from home AND save electricity costs this summer with Evolve Energy.

Mon, 22 Jun 2020 18:03:02 GMT

15 ways to help you save while working from home.

With the Coronavirus crisis, we see more and more of our customers continuing to work from home for extended time periods - and staying home means using more electricity. Many companies are now reporting that they do not plan to re-open offices until 2021, and some companies have even made working from home permanent. At Evolve Energy, our goal is always to help use less electricity and save money wherever you can. Here are 15 tips to help you save money while spending more time at home.

Sync your smart thermostat with the Evolve Energy app: When you do this, we will automatically adjust your AC usage around price changes, saving you money in the long run.
Adjust your cooling schedule: Even turning up the temperature a degree or two can make a big difference with how much you spend on electricity.
Switch your fan direction: Most ceiling fans have a switch that changes the direction they spin. In the summer, make sure you run the fan counterclockwise so it blows air down. This can allow you to get by with turning up the thermostat a couple of degrees and stay cool while saving costs on electricity.
Time washing and drying: These appliances use a lot of electricity. Check the Evolve app electricity price forecast and find the lowest priced time of the day to wash and dry your clothes. Mornings are typically best.
Try washing your clothes using cold water: Your water heater uses quite a bit of electricity every day, using cold water can cut down on the electricity used to keep hot water on hand for your washing machine, allowing you to save a bit more on electricity costs - plus it is more gentle on your clothes.
Lower the temperature on your water heater: If your water heater is set above 120°, try lowering the temperature a bit. Higher temperatures use more energy to keep the water on hand at the right temperature when you need it.
Clean the lint trap: Cleaning the lint trap after every load on your clothes dryer can help you save more and electricity, by allowing your dryer to operate more efficiently.
Run full loads of dishes and laundry: Fuller loads = less loads. Less loads = less electricity use. If you’re able to get more from the cycles you’re already running for both the dishwasher and your clothes washer / dryer, you are using less energy and intern save money.
Change your AC filters: Replacing your AC filters regularly can help increase the efficiency of your HVAC system and will save you money on your electricity costs.
Use energy efficient lightbulbs: LED bulbs do cost more to buy, but they cut down on electricity cost because they are more efficient - plus they last a really long time! If you are in Dallas or Houston, send us a message and we will share a link with you for discount prices on LED lightbulbs.
Try using a toaster oven: Electric ovens take a ton of power to heat up. A small toaster oven requires substantially less electricity than a large conventional oven and puts out much less heat into your home, allowing you to use less electricity to keep your home cool.
Grill outside: The grill and summertime go hand in hand, and also keep your house cool instead of cooking inside.
Try a smart plug: An inexpensive smart plug can be used to turn devices on and off and can easily be scheduled to match your daily routine. Automatically turning things on and off with a smart plug eliminates forgetting to do so manually, and will reduce your electricity consumption.
Track your usage: Use the Evolve Energy app to track when and how you use electricity to help you become more aware of your usage, allowing you to make additional changes to help you save on energy costs.
Turn on push notifications: Make sure you have push notifications enabled in the Evolve app AND in your phone settings. Doing so, you will receive notifications when prices are higher to help you use less electricity during those time periods. Need help setting this up? Just give us a call or chat with us on our website - we’re here to help.

Want even more money saving tips? Check out our April blog post here .

Do I need a smart thermostat to save with Evolve Energy?

Sun, 31 May 2020 17:09:09 GMT

We get this question a lot. The simple answer is no.

A smart thermostat is not necessary to save money as an Evolve Energy customer. When you switch to us you get the really low wholesale electricity rate, which is typically only available to the largest factories and businesses. This low rate is significantly cheaper than typical retail electricity rates offered by many of our competitors like Reliant and TXU. In fact, just switching to wholesale electricity can save you up to 20% off of electricity bill, compared to the average green energy plan.

If you do have a smart thermostat, syncing it with the Evolve Energy app can save you even more. Combined with the wholesale electricity rates, customers who enable their smart thermostat and other devices with us, can save up to 40% off of their electricity costs. This works by automating your electricity usage around price changes. Wholesale electricity prices change every five minutes on the wholesale market. When these prices vary, we can simply pause cooling your home if the cost for electricity exceeds an amount that you select - allowing you to avoid high cost price “spikes” and only using electricity when it is cheap. By doing this, you are automating your smart thermostat to save money off of your electricity costs automatically.

Did you know, typically during the summer 90% of the average Texans electricity bill is from AC use? But automating your smart thermostat to save you money when prices go high - you are also substantially increasing your ability to save money during the hottest summer months.

No smart thermostat? No problem. If you are in Houston or Dallas you can click one of the links below to save $50 off the price of a smart thermostat.

Or, you can monitor the real time price updates through the Evolve Energy app to adjust your electricity usage and consumption around price spikes, we even send you push notifications when a price spike happens. It’s really that easy, and Evolve Energy gives you all the tools you need to see a substantial amount of savings on electricity costs, both with or without a smart thermostat.

Currently Evolve Energy supports both Ecobee and Honeywell Wi-Fi enabled smart thermostats. Very soon, we hope to also support Nest thermostats.

All About free electricity, free nights, and free weekends.

Mon, 18 May 2020 21:03:01 GMT

What it means to be with Evolve vs. the ‘other guys’.

We’ve all heard the phrase there’s no such thing as a free lunch. The same adage is true when looking at electricity rates. There’s no such thing as free nights, or free weekends - consumers ultimately pay for them one way or the other.

Many companies throughout Texas offer special electricity plans that include “your highest usage day is free,” or “free nights,” or free weekends.” At first these may seem like a good deal since most residential electricity consumption occurs during nights and weekends, when we are home (unless you are working from home like most of us are right now). Spoiler alert - many times these plans are actually very expensive!

Here’s where things get interesting… nights and weekends are often the same times that wholesale electricity rates are super low. In fact, Houston Evolve Energy customers have benefited from 30+ free intervals this month alone. On average, Evolve customers pay less than two cents per kilowatt hour for their electricity at night.

Let’s look at a few popular night and weekend plans, first TXU’s “Free nights, and solar days” plan. After signing a 12 month contract your rate comes to a whopping 17.2 cents per kilowatt hour. Unhappy with that rate after signing up? It’ll cost you $150 to pay their cancellation fee.

Hopping on the free nights bandwagon, Direct Energy offers a free nights plan with 12 hours of free electricity, and charges 16.9 cents per kilowatt hour daily between 9 AM and 9 PM.

We decided to also take a look at Reliant’s most recent offering, “pick your free electricity,” giving you the option to pick a plan that’s right for your home, choose from: “truly free weekends, truly free nights, truly free seven days” and plenty of other confusing plans made to look like they will help you save on electricity costs. However, the Electricity Fact label again tells the truth. The Reliant “truly free nights 12 plan,” offers a whopping daytime rate of almost 20.9 cents per kWh after signing a 12 month contract.

Even Houston Chronicle wrote an article about Reliant’s free nights plan, “When free really means more expensive.” citing how expensive the electricity rates were associated with one of their older plans. Read the article here .

With Evolve Energy, you get 100% renewable energy, and super low wholesale rates combined with the ability to truly decrease your carbon footprint - plus no contracts or cancellation fees. Don’t get stuck in a lengthy contract with high fixed rates - choose Evolve Energy, and save.

It's Earth Day!

Wed, 22 Apr 2020 18:08:52 GMT

Are you reducing your carbon footprint?

At Evolve Energy, it has always been our goal to make it easy to care for the environment. We do this by empowering our customers to make a direct impact on their carbon footprint using next-generation technology, all while saving money on electricity.

Evolve Energy is the only electricity company that gives our customers real-time visibility into the type of electricity that is powering their homes at any given moment, by showing the current carbon density of the grid in their area.

Our customers also get 100% renewable energy at wholesale prices. In fact, over the last six months, most of our customers have paid on average 2.5¢ per kWh for renewable energy.

At Evolve we offset our customers energy usage with 100% renewable energy credits from green sources like wind and solar. Our customers can even take it one step further and truly reduce their actual carbon footprint by using less power when carbon is high, and more power when carbon is low, right through our app. Learn more about our carbon savings here.

This Earth Day, take a moment to consider joining Evolve Energy , where you can save money, and carbon automatically.

Cut electricity costs while spending more time at home!

Fri, 10 Apr 2020 18:08:24 GMT

Learn a few new ways to save even more on energy costs.

Evolve Energy customers can save up to 40% off of their electricity costs just by unlocking the power of their smarthome combined with wholesale electricity rates. Read below to learn a few additional tips on how to shave additional costs off of your electricity bill.

Right now many of our customers are working from home due to the Covid-19 pandemic. Don't worry, more time at home does not have to mean higher electricity usage and ultimately higher utility bills. We are here to help you combat that, while everyone is working from home.

Adjusting the thermostat up just a couple of degrees can make a huge difference on the amount of excess energy that is used to cool your home. Also using a ceiling fans, and circulating air throughout your house can also help to save on energy cooling costs, especially as temperatures rise across Texas. Keep in mind, that our app already decreases your electricity use when prices spike - helping you to save even more if you connect your smart thermostat to our app.

Spending more time at home also means using the kitchen more and increasing use of your dishwasher. Check to see if your dishwasher has an energy saving mode to help you cut energy costs even further. Now that the weather is nice, grilling outside uses less energy than an electric range or oven - and doesn’t heat the house up, a win-win! Microwaves, crock pots, and pressure cookers also typically use less electricity to cook a meal then an electric powered range or oven.

Looking for more great tips? The Department of Energy has put together this infographic and the below ten tips a few years ago to help you save even more.

Service your air conditioner: Easy AC maintenance like replacing or cleaning your air filters can lower your cooling system’s energy consumption by up to 15 percent! Also, April fools day could serve as a reminder to check your air conditioner’s evaporator coil, which should be cleaned annually to ensure the system is performing at optimal levels. Want a free AC Cool Saver (℠) Tune-up? Learn more here.
Open windows: This may seem like a no brainer, but the weather has been beautiful the past few weeks. Opening windows creates a cross-wise breeze, allowing you to naturally cool your home without switching on the AC.
Use ceiling fans: Cooling your home with ceiling fans will allow you to raise your thermostat four degrees. This can help lower your electricity bills without sacrificing overall comfort.
Cook outside: On warmer spring days, keep the heat out of your home by using an outdoor grill instead of indoor ovens.
Install window treatments: Energy efficient window treatments or coverings such as blinds, shades and films can slash heat gain when temperatures rise. These devices not only improve the look of your home but also reduce energy costs.
Caulk air leaks: Using low-cost caulk to seal cracks and openings in your home keeps warm air out -- and cash in your wallet.
Bring in sunlight: During daylight hours, switch off artificial lights and use windows and skylights to brighten your home.
Set the thermostat: On warm days, setting a programmable thermostat to a higher setting when you are not at home can help reduce your energy costs by approximately 10 percent. Want a discount on a smart thermostat compatible with the Evolve Energy platform? Learn more here.
Seal ducts: Air loss through ducts can lead to high electricity costs, accounting for nearly 30 percent of a cooling system’s energy consumption. Sealing and insulating ducts can go a long way toward lowering your electricity bills.
Switch on bathroom fans: Bathroom fans suck out heat and humidity from your home, improving comfort.

10 tips and Infographic Source: United States Department of Energy - 3/20/2015

4 Differences between Evolve and Griddy

Thu, 26 Mar 2020 19:18:33 GMT

Learn about a few key differences.

One of the most common questions we get asked is, “how are you different than Griddy?” In this blog post we set out to answer just that.

1. Evolve is 100% Renewable

First things first, Evolve Energy is 100% renewable. This means that for every kilowatt hour of electricity that you use through Evolve Energy, we purchase a renewable energy credit to offset your usage. This credit represents energy generated by renewable energy sources like wind or solar, giving you the ability to use renewable energy without having install solar panels on your house. At this time, Griddy does not have a renewable product.

2. Built in Smart Thermostat Integration

Our app includes native, built-in support for Honeywell and Ecobee smart thermostats (more coming soon)! Unlike Griddy, there is no need for complicated third-party services like IFTTT to integrate your smart thermostat. Our direct integration allows you to set up your account and easily connect your thermostat with one touch right in the app, allowing us to automatically save you money when electricity is most expensive. This integration also allows us to shift your electricity usage around carbon intensive periods of the day. Visit our app page to learn more about what the Evolve Energy app can do for you.

3. Carbon Density

The electrical grid is powered by many different types of fuel - coal, solar, wind, and even diesel fuel power the grid at various different times. We have the unique ability to show you type of power flowing into the grid and powering your home at any point in time. This is shown as the “carbon density” on the home page of our app. Lower numbers mean the grid is being powered by renewable resources, like wind. Higher numbers mean the grid is being powered by dirty fuels like coal or diesel. Furthermore, we are able to help you shift your electricity usage around periods with a high carbon intensity allowing you to truly reduce your carbon footprint by using more green energy and less high carbon energy. Evolve is the only electricity company that gives you access to this type of information, enabling you to truly reduce your carbon footprint and make for a greener tomorrow. Click here to learn more about our carbon savings capabilities.

4. Cash for Solar Power

Got solar panels? You are “in the money” with Evolve. We offer a direct buyback for any overage that your solar panels produce (you can even ask us to send you a check for that overage), it’s really that easy. If your panels produce more electricity than you use in a given fifteen minute interval, we will automatically sell that overage back to the grid at the real time wholesale rate. If prices spike during this time period, you get the benefit of that higher price by selling your electricity back to the grid at that higher rate. A true win-win. Interested in going solar? Talk with our solar partner over at Sunshine Renewable Solutions .

Evolve Energy is a new kind of electricity company - combining the pulse of tomorrow's technology with up front savings on electricity today. To learn more about Evolve, click here .

Why Does Electricity Cost What It Does?

Thu, 05 Mar 2020 22:48:09 GMT

Learn a bit more about electricity pricing.

Many an energy consumer has asked themselves, upon opening their electricity bill, who’s setting these prices? For customers with flat-rate plans, the price is set by the power company. But for wholesale electricity consumers, who pay less for their electricity, the cost is influenced by a host of factors that contribute to the way energy is harnessed and used throughout the day.

Availability of renewable energy sources

One of the key factors in energy cost is how abundant energy from renewable sources like wind and solar are at any given point in time. At certain times of day, more renewable energy in the grid makes electricity cheaper. When these sources aren’t available, the electric company will turn to more expensive, non-renewable sources like natural gas, coal, and nuclear energy.

Time of day, season, and weather conditions

Because solar power is, of course, dependent on the sun, its availability to provide cheap power is dependent on where you live, what the weather is like, seasonality, and time of day. Wind energy is also affected by time of day. Wind turbines harness energy most effectively during the hours of dawn and sunset because that’s when the greatest daily temperature changes occur. This natural heating and cooling of the air is what creates the daily wind cycle, powering turbines across the country. When wind and solar energy are plentiful, wholesale electricity costs decrease.

Demand for energy

When many households are drawing on the grid to power their lights, air conditioners, televisions, dishwashers, water heaters, and their many other household appliances, electricity prices will surge. During the peak hours of the day, usually the early evening, electricity is at its most expensive. Usage at all other times of the day and night will be cheaper energy.

Evolve does not mark up the electricity that we provide to customers. Instead, as a licensed energy provider, we pass through the wholesale price directly. If you want to take advantage of wholesale electricity pricing with prepaid power through Evolve, join here .

4 Things you Never Thought to Ask Your Power Company For

Thu, 27 Feb 2020 23:18:44 GMT

Meet Sarah, an Evolve Energy Customer

Sarah is a working mom living in Houston, with a home she needs to air condition nearly year-round because of the charming (swampy) Texas heat. She’s a savvy consumer, and she knows she has energy options.

But she’s looking for more than just the best price for electricity. Lots of plans offer cheap power. She also wants transparency about what energy she’s using and what she’s paying for it. She wants convenience when it comes to monitoring her usage and paying her bill. And she wants flexibility—she’s tired of being locked into a flat rate payment structure because she knows that kind of plan has her paying for power she’s not actually using.

If you’re like Sarah and tired of the way things have always been, here are four things to look for in your next electricity provider that you might not have considered.

1) Wholesale electricity pricing: Pay for only what you use

Because of the way the power grid works, the price of energy fluctuates every 15 minutes based on the availability of renewable energy sources like wind and solar power, maintenance outages and other environmental factors, and most importantly, the amount of demand for energy in your area.

Traditional, flat-rate electricity plans ignore these fluctuations, so you end up paying a lot more for what you’re using. Look for a wholesale electricity provider who will pass the energy on to you with no markup, so you pay what they pay.

2) Transparent, easy access to your usage data

Your smart meter generates a lot of data about how and when you use electricity, and where that energy is coming from. You can access that information! Look for a power company that will give you convenient, easy-to-understand access to that data so you can see for yourself what your energy bill is coming from.

3) Active help in reducing your energy costs

Reducing your energy costs by yourself requires constantly being aware of all the items in your house that are using electricity and working to make sure you’re turning off, unplugging, or reducing the runtime of those you don’t need. This can be a major time drain. Look for an electric company that will help you proactively manage your usage.

For example, there are stretches of time throughout the day when the abundance of renewable energy is so high and the demand is so low that using power is free. If your electricity provider is able to autonomously control household devices like thermostats, washers/dryers and other appliances, it can get your chores done and make your home comfortable during those off-peak times. Your costs are reduced with minimal impact to your routine and lifestyle.

4) Easy ways to reduce your carbon footprint

Just as your energy provider should be helping you reduce cost, the power company can also help you reduce your carbon footprint. Optimizing your peak usage times to coincide with times when renewable energy sources are supplying the majority of the power helps you lower your home’s carbon emissions.

Want to meet a power company that does all of these things? Check out Evolve here .

How a Connected Home Can Save You Thousands of Dollars a Year

Thu, 13 Feb 2020 21:54:49 GMT

Get ready to save.

These days, the widespread Internet of Things means that everything from your thermostat to your coffee maker to your light bulbs are connected to the internet. In general, these devices are designed to increase your convenience and comfort in your home. But they can also reduce your costs, especially if you’re connected with the right electric company.

Smart devices = smart energy use

As you make your home smarter by outfitting it with connected devices, you have the opportunity to use those appliances to take control of your energy use. Smart devices allow us complete visibility and real-time control over near every electronic appliance in our homes.

One of the major benefits of this technology is the ability to interface with your home’s smart meter, allowing you to accurately monitor energy consumption. You can control the settings of your AC, heating, lights, and other appliances to take advantage of cheap power during off-peak hours.

Mastering the energy market for the best electricity rates

Evolve takes the fine control of energy usage that comes with IoT devices a step further by adding in real-time data analysis of market energy rates. What does that mean for our wholesale electricity customers?

Our AI gets to know your household’s energy habits while taking into account fluctuations in daily energy pricing, making tweaks and adjustments to your device settings that help shave money off your bill. We adjust your highest usage times to coincide with periods of cheap or even free electricity to help cut energy costs for your home.

Want to see how much money switching to Evolve for your smart home could save you ?

Clean Renewables vs. Coal

Mon, 03 Feb 2020 21:49:58 GMT

Who Wins for Cost Efficiency?

The argument for clean energy has always focused on the positive environmental impact it could have, but when it comes to pure economics, does clean energy or coal win out? Based on a recent study by Carbon Tracker, renewable energy has become more cost-effective than running existing coal power plants. Two-thirds of the world’s coal power plants are already operating at a loss, while clean energy’s costs continue to drop.

In fact, solar and wind costs have plummeted by 88% and 69% respectively since 2009, with prices projected to fall even further over the coming decades. At the same time, the cost of operating coal and nuclear plants have increased by 9% and 23% respectively.

What does it mean for consumers who want cheap power?

There’s never been a better time for consumers to choose an energy provider that prioritizes renewable energy sources. The best electricity rates will come from shifting electricity usage to those times when clean energy is most abundant.

How can a power company help you take advantage of cheap, renewable energy?

It’s hard to tell when you’re switching on appliances and cranking up the AC where the energy is coming from. But electricity providers have direct insight into when your electricity is sourced from renewable energy and when it’s “dirty” energy drawn from fossil fuels.

Evolve’s dashboard shows you exactly where your energy is coming from, and helps automate the process of shifting your energy usage to those times when electricity is cleanest (and least expensive). It’s a different approach to the idea of being an electric company: helping customers meet their goals of cutting carbon and costs, without sacrificing their comfort.

Read more about how Evolve’s proprietary AI software helps you take control of your energy here .

Best Ways to Cut Carbon Emissions in Your Home

Fri, 24 Jan 2020 21:42:56 GMT

Top ways to cut carbon at home.

It can be a challenge to connect big environmental issues with our everyday tasks. While we all know that conserving energy is good for the environment, we usually aren’t thinking about our carbon emissions when we turn on the AC to cool our homes or watch TV after a long day at work.

But taking personal responsibility for how our actions affect our world is critical. The recent report from the UN Environmental Program revealed the “emissions gap,” the discrepancy between our goals for emissions reduction and where we’re likely to end up, is much wider than we hoped. If you’re looking for ways to help, we’ve gathered a few tips for reducing your carbon footprint:

Choose a renewable energy plan

Renewable energy sources like solar and wind power are not only more cost efficient but also more environmentally friendly. Opting for an electricity plan that offers cheap power from renewable energy sources is an easy way to reduce your greenhouse gas emissions without sacrificing any comfort. The best part is, if you live in a state like Texas where the electricity market is deregulated, the fierce competition between electricity providers means that renewable energy plans are becoming more common.

Make small changes to lower electric power usage

Be mindful throughout the day about what activities use more electricity and make conscious decisions to reduce that usage. Turning off lights when you leave the room, setting your AC to only run when you’re at home, and unplugging appliances and devices when they’re not in use are easy ways to reduce your energy costs. Larger investment items like replacing your light bulbs with energy-efficient bulbs and improving the insulation of your home can have even larger, longer-term effects.

Outfit your home with smart devices

Programmable thermostats and other smart, connected devices in your home can help you manage your electricity usage more efficiently. By setting more precise controls on when and how much you want these devices to draw on electricity, you can pare down your emissions over time.

Choose an energy provider with the environment in mind

The most impactful change you can make is to partner with an electricity provider who prioritizes clean, renewable sources. Evolve helps you take control of your energy usage by connecting your devices to AI that automatically finds the perfect balance of carbon, costs, and comfort to fit your lifestyle.

Learn more here .

What is next after buying your smart device?

Wed, 01 Jan 2020 16:07:50 GMT

How Connecting your Smart Thermostat with Evolve can help you save money.

Recently bought a Ecobee or Honeywell thermostat? Got one as a gift? Well let’s make sure it’s working to save you money! Since wholesale power prices are often the lowest priced electricity, we can help you automate these devices to minimize you bill and carbon footprint!

Once you have your device set up in your house (there are tons of great youtube videos on installation and you can always call a certified electrician), use the Evolve app to log into your device with your username and password under our Devices section.

Don’t worry, we don’t see your password, this is encrypted and only given to the device manufacturers. Once they authenticate your login credentials, you can permission us to manage your device for you. You set your comfort settings, carbon sensitivity, and pricing information, and we do the rest. You can always override our programming – this is your device and your house – we’re just trying to help you!

Why is prepaid power better?

Mon, 23 Dec 2019 16:07:49 GMT

All about Prepaid Power

Here’s a dirty industry secret: want to know one of the largest sources of profit for a traditional energy retailer? Late fees. They know that you will eventually pay your electricity bill because who doesn’t want air conditioning, cold beer, and a TV that turns on? So why would they want you to “just pay your electricity bill” when they can add on a late fee for many of the months on top of it. Late fees are pure profit for them and they love it.

With Evolve, we don’t want to play those games. We want to be your partner and extracting fees from late payments as a business model is not a way to partner with a customer. So we moved to a pre-pay product. This allows you to add some initial funds and through auto-pay we’ll take care of the rest. The nice part is that we can show you your daily energy usage so if you’re not hitting your goals, you know right away and we can find ways to get you back on track! Traditional post-pay plans don’t want to do this. They just want to hit you with an electricity bill 10 days after the month ends. With post-pay you don’t know why the bill is so large and feel helpless to make a change. We’re here to turn this all around and be your partner, not your loan shark!

The Evolve Energy Difference

Wed, 11 Dec 2019 16:06:36 GMT

What is the difference with Evolve Energy?

With wholesale power, there is an incredible opportunity for customers to cut their bill significantly. Part of this cost savings potential is just by using wholesale power and not traditional fixed rate power. The other driver of cost savings is managing the time period you use energy. Texas Smart Meters can ready every 15-minutes of energy usage. These are the intervals of time period that matter. So if one 15-minute interval is expensive and the next one is cheap, there is a lot of cost savings by “load shifting” or intelligently managing your usage.

This is where evolve steps in. Again, since we don’t make any additional profit based on volume, our goal is purely to help customers achieve theirs! We understand that sitting around your house and checking power prices is not how you want to spend your day. So our smart home automation tools help you automate your savings. We can help you predict when power prices will be expensive and automate the right actions so you can go on with enjoying time with your family and friends, knowing that you have some of the most advanced tools of silicon valley helping to save you money in the background automatically.

Why Wholesale?

Mon, 25 Nov 2019 00:49:12 GMT

Why wholesale electricity?

Let’s first talk about traditional fixed price retail energy plans. We’ve all seen them – the same price every hour of the day, every day of the year. Sounds nice but what if you learned that 96% of all hours on these plans you’re OVERPAYING? That’s right, in order to have price certainty, someone is going to charge you a lot of money – which means those same traditional energy companies make a lot of profit on these plans.

Now let’s also think of some of the largest energy customers. These could be large factories such as Exxon or Goodyear. They could be large distributors such as Walmart or Amazon. Do you think these types of companies want to overpay for electricity? No! These are the types of companies that have already switched to wholesale. The beauty of wholesale is that everyone can get the same wholesale price – whether you’re the largest energy consumer or the smallest household.

Finally, by passing the savings from wholesale to end user customers, we are fully aligned to helping our customers save money. We no longer have the incentive to sell more electricity. Our incentive is to make each of our customer’s experiences better! With traditional fixed priced power, financial incentives are not aligned. The only way a customer can save money is to use less electricity and that is the exact opposite of what those energy companies want. With wholesale power, you can actually use MORE electricity and potentially SAVE MONEY. It’s all because so many hours of the year are very low cost or even free that by time-shifting when electricity is used, we can get to a much lower bill!

Evolve Energy Makes Energy Management Automatic in Texas with New AI-Based Platform

Tue, 05 Nov 2019 14:03:14 GMT

Evolve Energy sells wholesale energy and enables consumers to optimize energy use, decrease carbon footprints and save money seamlessly.

Houston, TX (November 5, 2019) -- Today, Evolve Energy , a next-generation energy company, launched its app (available on iOS and Android ) in Texas to provide access to wholesale electricity prices and optimize energy use for residents across the state. Evolve Energy is currently participating in the Capital Factory accelerator program and is a recent graduate of URBAN-X, the MINI-backed accelerator for startups reimagining city life.

By combining wholesale electricity prices with an AI-powered platform that seamlessly connects to smart home devices, Evolve Energy allows consumers to manage their energy-use effortlessly, while unlocking savings of up to 40% off of electricity rates depending on how and when they use electricity. Users simply pay a flat $10 monthly fee and input general preferences, such as cost, comfort or carbon, to put Evolve Energy’s industry-leading AI platform to work and become more energy efficient, environmentally-friendly and cost-effective with ease.

“The retail electric industry is historically opaque. We want to change that -- one house at a time -- and serve as a trusted advisor to our customers to help them understand that they can make better choices about their energy consumption and save money in the process,” said Evolve Energy co-founder and CEO, Michael Lee. “We’re thrilled to be launching today in Texas, bringing significant electricity savings and clean energy to consumers across the Lone Star State with our industry-changing technology.”

Through their AI platform, Evolve Energy can identify exactly when wind turbines are spinning and when the sun is shining on solar panels in west Texas, causing more green energy to flow into the grid. These times of the day also often have the lowest cost wholesale power. With these insights in hand and the ability to seamlessly integrate into smart devices, the company is able to provide customers with more energy when it is green and also decrease energy use when prices are highest, ultimately enabling a true carbon footprint reduction.

Evolve Energy is enabling customers to pioneer a more sustainable world beyond Renewable Energy Credits and carbon offsets while saving money at the same time. As a result, saving carbon and money is no longer mutually exclusive. In the near future, Evolve Energy hopes to provide smart prepayments, which analyzes and forecasts energy usage to protect customers against rate spikes and ensures a consistent price.

“Evolve Energy is the next iteration of at home convenience that truly puts people first, enables significant energy savings and positively impacts the environment simultaneously,” said Nest co-founder and Evolve Energy investor, Matt Rogers. “I am excited to be a part of Evolve Energy’s journey and to see the many possibilities the company can create in energy efficiency for consumers everywhere.”

40 million U.S. homes will have a smart thermostat by 2020, according to Park Associates . Mirroring growing consumer interest in smart home products and preference for convenience, demand for smart thermostats also continues to increase due to its significant economic and environmental benefits. With Evolve Energy, consumers can potentially save hundreds of dollars on energy and significantly reduce their carbon footprints. The platform is compatible with WiFi connected thermostats from Ecobee and Honeywell with Nest coming soon.

Evolve Energy is currently available in deregulated markets throughout the state of Texas, with plans to expand to new cities soon. In addition to their residential launch, in the coming months Evolve Energy will also offer a similar product for Texas commercial and industrial customers. The app can be downloaded via the Apple App Store or Google Play Store and is compatible with iOS and Android systems.

About Evolve Energy

Evolve Energy is a next-generation energy company, combining wholesale electricity prices with the latest emerging technology and AI platform from Silicon Valley to help customers save big on energy, while reducing carbon footprints. Evolve Energy can save customers up to 40% on electricity rates when combining wholesale power prices, their easy-to-use AI powered app, and unique home energy storage capabilities. Being green and saving green has never been so effortless. Savings can vary depending on how and when they use electricity, go to evolvemyenergy.com/save to find out exactly how much you could have saved with Evolve Energy.

Evolve Energy is currently available to residents in Texas. Customers can check the app to see if Evolve Energy is available at their location. Learn more about Evolve Energy at evolvemyenergy.com .

Media Contact:

Chris Molineaux, Director of Marketing

media@evolvemyenergy.com

Phone 844-386-5832

Molly Hendriksen, BerlinRosen

molly.hendriksen@berlinrosen.com

Phone: 646-200-5303