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A visit to the project's site -www.powerisknowledge.comâ€“ reveals the latest wholesale electricity price per megawatt hour for PECO's customers, and introduces the ticker by explaining what a megawatt hour is. The site is linked to a map of PJM's territory that highlights its different regions.
Readers are invited to increase their "Energy IQ" by taking a test and reading about how the project's partners contribute. The other partners are the Greater Philadelphia Innovation Cluster for Energy Efficient Buildings, the Philadelphia Industrial Development Corp., Penn State University's Grid Smart Training Application and Resource Center, PECO, and two campus units of the University of Pennsylvania.
The site links to its partners' sites such as that of PJM, where readers can take a primer on electricity markets, or that of the Institute, where users can take an electricity literacy test.
The initiative is being launched at the same time as Pennsylvania regulators are seeking to boost the number of electricity customers who shop for competitive suppliers who have entered the market since deregulation.
To read more about electricity supplier competition, click here for a recent industry group report and here for an article about market deregulation in Pennsylvania.
The ticker will help people understand the connection of their electric bills to market forces in the same way that they understand how the price of gasoline relates to Middle East conflicts or domestic refinery capacity, said Susan Covino, senior consultant for emerging markets for PJM.
"It will enable them to make better decisions about how they use it, such as what appliances to buy," she told AOL Energy.
Covino said there has already been interest in the project from universities in New Jersey and Maryland.
AOL Energy provides access to news, analysis, thought leadership and discussions about the top stories in the electricity sector today. Participants in AOL Energy stay ahead of breaking news, participate in high-profile events and enjoy access to the central hub of the industry community as it transforms in response to fast-moving changes in energy politics and regulation, deals with financial challenges and leads technological advances.
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|Energy vs Power|
|Interesting idea to increase energy awareness and literacy by providing an energy price ticker. Unfortunately even their very first explanation of what that $15/MWh buys you is flawed. They say it will power 10,000 100 watt light bulbs, but leave out the critical duration. (for 1 hour)|
|Joe Huber - 05/03/2012 - 12:28|