Wholesale Electricity Providers That Work with Jousto.
Discover how to access wholesale electricity through our trusted retailer partners, seamlessly integrated with the Jousto app.
How Jousto Works with Wholesale Electricity Providers
Jousto seamlessly integrates with wholesale electricity providers, automatically optimising your energy usage to maximise savings and minimise costs.
From managing negative price events to avoiding painful price spikes, Jousto takes the guesswork out of energy management and puts you in control—effortlessly.
Take Advantage of Negative Price Events: Jousto powers devices like hot water systems and air conditioners during low or negative energy price periods.
Reduce Solar Export Costs: Automatically curtail excess solar exports when market prices are negative, turning potential losses into savings.
Avoid Price Spikes: Jousto turns off non-essential devices and switches to UPS or portable batteries during high-price periods to control costs.
Local Volts: Empowering Your Energy Choices
Local Volts offers direct access to the wholesale electricity market with real-time 5-minute interval pricing. It also enables peer-to-peer (P2P) energy trading, allowing users to share energy between properties or with other users. Perfect for both small businesses and residential homes looking for smarter energy solutions.
Wholesale Market Access: Unlock savings by purchasing electricity directly at wholesale market rates.
5-Minute Interval Pricing: Benefit from real-time energy pricing for greater control over your energy usage.
P2P Energy Trading: Trade excess energy with other Local Volts users or between properties you own.
Versatile Use: Designed to work seamlessly for both small businesses and residential homes.
Amber Electric: Smart Energy Solutions for Residential Homes
Amber Electric provides residential customers with access to the wholesale electricity market and advanced features for energy management. Available in SA, VIC, NSW, ACT, TAS and SE QLD, Amber offers its own app for tracking bills and usage, along with built-in tools to optimise home battery systems.
Residential-Focused: Tailored specifically for residential customers seeking smarter energy solutions.
Real-Time Energy Insights: Amber’s app provides live updates on energy prices, helping you make informed decisions about your usage.
Amber App: Track your energy usage, bills, and spending with their easy-to-use app.
Battery Integration: Optimize your home battery with built-in tools designed to maximise efficiency and savings.
Energy Locals: Ideal for Solar-Powered Homes
Energy Locals is perfect for solar-powered homes that want to maximize their energy exports without curtailing during negative price events. Jousto integrates seamlessly, automating appliances like hot water systems and pool pumps to optimize energy usage while your solar PV system exports to the grid.
Solar-Friendly: No curtailment of solar exports during negative price events, preserving your energy returns.
Automated Appliance Management: Jousto automates devices like hot water systems, air conditioning, and pool pumps when solar is exporting.
Cost-Saving Integration: Reduce your energy bills by using solar energy for high-demand appliances instead of relying on the grid.
Energy Efficiency Made Easy: A great option for solar customers looking to optimize their system with minimal effort.
Frequently Asked Questions About Wholesale Electricity.
Wholesale electricity offers significant savings compared to retail prices, but understanding how it works can be complex. Here, we answer the most common questions about accessing wholesale electricity, how it compares to retail, and how Jousto simplifies the process for everyday users.
Question 1: What is the difference between wholesale electricity prices and retail prices?
Wholesale electricity prices are the rates energy retailers pay for electricity directly from the market, often fluctuating every 5 minutes based on supply and demand. Retail prices, on the other hand, are marked-up rates charged to consumers by energy retailers to cover costs like infrastructure, marketing, and profits. Wholesale prices can be significantly lower but come with risks of spikes during high demand.
Question 2: How can I buy electricity at wholesale prices?
You can access wholesale electricity prices by signing up with a retailer that offers wholesale market integration, such as Local Volts or Amber Electric. These retailers pass wholesale rates directly to customers for a small monthly fee. Jousto works seamlessly with these providers, optimising your energy usage to take full advantage of lower prices.
Question 3: How does the wholesale electricity market work?
The wholesale electricity market operates as a dynamic exchange where electricity is traded in real-time. Generators submit bids to supply electricity, and prices are determined based on the highest bid needed to meet demand. Prices can vary every 5 minutes, creating opportunities for savings during off-peak times but also risks during demand spikes.
Question 4: Who is eligible to buy wholesale electricity?
Anyone can access wholesale electricity prices through specific energy retailers like Local Volts and Amber Electric. Traditionally, only large businesses could benefit, but now residential customers, renters, and small businesses can participate using platforms like Jousto that simplify energy management.
Question 5: How are wholesale electricity prices set?
Wholesale electricity prices are set through a bidding process where electricity generators compete to supply power. The Australian Energy Market Operator (AEMO) balances supply and demand, setting the price at the highest bid needed to meet demand. Factors like weather, fuel costs, and renewable energy availability influence these prices.
Question 6: Why do wholesale electricity prices sometimes go negative?
Negative prices occur when electricity supply exceeds demand, often due to high renewable energy output like solar and wind. In these cases, generators may pay to supply power to avoid the costs of shutting down or restarting their operations. Jousto helps you take advantage of these periods by automating devices to use power during negative price events.
Question 7: Can renters and apartment dwellers benefit from wholesale electricity?
Yes! Renters and apartment dwellers can benefit by using Jousto to automate energy usage without the need for expensive solar panels or home batteries. Smart devices, such as air conditioners and hot water systems, can be programmed to run during low or negative price periods, reducing overall energy costs.
Question 8: How does Jousto help manage wholesale electricity price risks?
Wholesale electricity can be risky during price spikes, but Jousto minimises this by automating devices to switch off non-essential loads and rely on UPS or portable batteries. This ensures you avoid costly peak rates while maintaining essential services, offering peace of mind and optimised savings.
Question 9: Do I need special equipment to access wholesale electricity rates?
You don’t need expensive equipment to access wholesale rates. Jousto integrates with smart devices like plugs, switches, and energy meters to automate your energy usage. For renters or those without solar, Jousto provides an affordable way to benefit from wholesale electricity without the need for permanent installations.
Question 10: How do wholesale electricity savings compare for homes versus small businesses?
Both homes and small businesses can benefit significantly from wholesale electricity, but businesses operating during daylight hours, like offices or shops, can maximise savings due to lower daytime prices. Residential homes, on the other hand, can save by automating devices to operate during off-peak or negative price events. Jousto customises solutions to fit each user’s needs.
