What is HFP?
Hourly Flex Pricing (HFP) is a different way of charging for electricity that enables customers to save money from adjustments they can make to daily operations that shift energy consumption from more to less expensive times of day, or even days of the week. It is a pilot tariff offered by PG&E and SCE that enables customers to benefit if their bill is lower than on their existing rate but offers bill protection if it is not.
Who is it for?
Gridtractor serves business and governmental customers in the PG&E and SCE service territories and helps them to manage EV charging and/or other energy uses in response to dynamic prices.
How do I benefit?
HFP enables customers to monetize their operational flexibility more easily and with potentially greater benefit than traditional TOU rates and DR participation:
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Avoids the "one strike and you're out" penalty of monthly demand charges - save when you can and run your equipment when you need to.
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Aligns with regular operations (like any other product you buy) rather than "events" and "interruptions" with DR programs.
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Because it is a pilot rate with "bill protection" get the lowest cost of your regular TOU rate and the dynamic rate.
How does Gridtractor help?
After helping with the enrollment process, Gridtractor provides a web application where forecasted prices are displayed for your location and rate one week in advance (prices are finalized each evening for the next day). Based on that, you can plan EV charging and schedule other energy usage in the app. For EV chargers with OCPP connectivity, the system can send the schedule directly to the charger. Gridtractor tracks your usage and cost and provides coaching to help minimize your energy costs.
How do I get started?
Contact us at 530-444-1238 or info@gridtractor.com to learn more.