Everyone knows how important it is to save electricity.
And it has several benefits:
Try YouGov, a survey panel that rewards you for participating in their market research studies. If you join now, you will get 2000 free signup bonus!
- It saves money
- Helps the environment
- And reduces the carbon footprint.
However, there are many of us who still use way more electricity than necessary. It seems that all these benefits are not enticing enough for some of us.
If you need more reasons to save electricity, you might like Ohmconnect.
This company wants to pay you up to $150 a year to use less electricity!It was launched last year and it helps you save power. And that’s not all – it actually pays you (or a charity of your choice, if you prefer) when you consume less power during peak times. It’s an automatic solution, so if you have equipment like Belkin smart switches, Tesla car, or a Nest thermostat, it manages your power consumption automatically, and you don’t have to do anything at all!
This technology can bring down the emissions as the power plants that work during the peak hours generally have big carbon footprints. With this technology, people will be motivated to save electricity, which would reduce power spikes, thus making it easier to transition to clean energy sources.
Ohmconnect users generally earn $50-$150 each year, and the exact amount depends on the power they’re consuming.
There’s one limitation though – this service is available only in California. However, the company is planning to expand to other states as well, including Texas.
How to Use It
It’s pretty simple.
Just sign up for Ohmconnect and allow the company to access the smart meter of your home.
They will connect to any internet connected devices that you may have. The system doesn’t need any extra equipment.
The company will send you alerts every week and tell you about your energy spikes. If you have Nest, they can dial it back so that it works in power saving mode.
And when you save electricity, you get paid.
You can save energy, but it could never be enough to sell it on the energy market. Ohmconnect has a large group of users, and it uses their saved energies as a bundle.
Try Swagbucks, the famous rewards program that pays you for watching videos, taking surveys, shopping and more.
On your own, you’d never save enough energy to make money selling on the energy markets. But Ohmconnect can help large groups of customers save power, and sell it as a bundle.
Where Does This Money Come From?
The payment starts from California ISO. It’s the organization that handles the electrical grid of the state.
The ISO comes up with forecasts of how much power each user should use. If a lot of users exceed the forecasts, they would activate additional power plants to meet the demand.
Activating these plants is an expensive business, so power companies would rather pay the users to consume less electricity than to fire up the plants.
These companies buy unused power from energy markets. Ohmconnect monitors these markets, and lets you know when the prices spike. So you might want to wait for a couple of hours before you do your laundry. Or it might instruct Nest to turn the heat down for a few minutes.
If you use less than what the company forecasted, you earn money. This money can be collected through PayPal, or it can directly go to a charitable organization of your choice.