We’re proud to announce that Griddy is revolutionizing the electricity industry one more time. We were already the first to connect consumers to the wholesale electricity market, but now we have a new technology which allows our members to automate their smart home devices based on the price of electricity.
What’s great about this? Well, anytime price spikes happen, your smart home devices (Nest, Honeywell, ecobee, etc.) can now automatically adjust power consumption to save you even more money. Based on our calculations, an average user could save around an additional $110 a year just by automating a smart thermostat. But depending on how much energy you use, what rules you put in place and what other smart home devices you have, that number could jump to $400-$500 a year.
So, we invite you to check out our new smart home automation technology through our first integration with IFTTT. It’s a Griddy IFTTT integration – a (G)IFTTT for our members!
What’s IFTTT and why is it so important?
IFTTT is a platform that stands for “if this then that” and can automate all the devices and services you use in your day-to-day life. Instead of monitoring the wholesale price yourself to see if prices spike to adjust your usage, you can now automate it. So, IF the price of electricity is above 30¢/kWh, THEN you can automate your thermostat to turn off. Heck, you could even set it up so IF the price goes below 0¢/kWh THEN you can turn on your disco ball and stereo and really have a party.
How to use the Griddy Applet?
We’ve created 16 pre-built applets that turn on and off the most used smart devices depending on the price of electricity. (You will need to have an account with IFTTT in order to access these.) So you can easily and quickly automate your:
- Honeywell Home AC
- Hue lights
- LIFX lights
But for those that would like more customization, we also made two triggers so you can create your own applets:
- Tigger based on when the price of electricity changes
- Trigger when the price normalizes
Note: If you set up a trigger to turn off your thermostat when prices go above 30¢/kWh, you will also need to set up another trigger to turn your thermostat back on when prices drop. It’s one action per applet.
Here we will walk you through how to set up an applet for when the price of electricity changes. First, go to My Applets, click on New Applet and then click “+this”. Then, search or find Griddy under your services and select the icon.
Then choose the trigger “The price of electricity changes”. From here, you will need to set up your trigger fields.
First, choose your loadzone. You can find this on the account page in the app. Then, choose if you want the action based on if prices go above or below and what you want your desired price threshold to be.
Now that you have created your trigger, click on the “+that” and search for the service you want to automate – Nest, ecobee, Honeywell, etc. You will then be prompted to login and connect to your device. And that’s it. All of the power is in your control. So automate away, you super Griddster, and watch those savings multiply.
Other things to automate
- For customized price alerts, you can send an SMS message when the price goes above or below your desired price.
- You can log all price changes into a Google Sheet to keep track of spikes.
- You can have a lamp with a red LED bulb turn on when prices spike so everyone at home will know what’s going on.
- You can charge your car with a WeMo outlet when prices are really low.
Working toward an intelligent home
This is the first of many applets to help integrate with the intelligent home and take home automation to the next level. It’s one thing to own a Nest, but so much more powerful to have it work for you AND save you money.
But integrating with IFTTT isn’t just about saving money. There is a strong correlation between the high price of electricity and the amount of dirty energy on the grid. When there is a lot of demand mixed with little generation, then the grid will turn on these costly and dirty peaker plants to keep up. But, if we can automatically turn off or down devices when demand is getting high, then we can combat the need for those pesky peaker plants. Remember, when it’s cheapest, its greenest.
Let us know in the comments below what else you would like to see with IFTTT and the intelligent home. We’d love to hear from you!
Not a Griddy member yet? No problem. Try Griddy for free and you can test out our IFTTT integration.