MyPOWR Price: Glossary

This page guides you through all the terminology and their meaning. If you want to know more about the MyPOWR Price, please visit MyPOWR Price: Explained page.

We’ve put everything together on one convenient screen in the myFlexiO App. We’ll guide you through all the terms so you know what everything means!

• MyPOWR Price: the all-in price you currently pay for a kWh of energy in your home. It’s simply calculated by dividing your remaining electricity bill by your home’s energy use.
  

• Consumption: the total number of kWh you’ve used for your comfort. (Note: this is not the same as the usage shown on your energy bill. For more information, visit the the MyPOWR Price Q&A)
  

• Estimated energy costs: based on your meter data, we calculate the amount you still pay for electricity. Dividing this by your consumption gives your MyPOWR Price. (Note: this amount may not match your actual bill exactly. For more information, visit the the MyPOWR Price Q&A)
  

• Average market price: the price you would pay if you didn’t have a smart energy system. This is the average price per kWh from a variable contract, adjusted for your specific monthly peak.
  

• Total system savings: the value your system has delivered over the selected period (month/year). This includes both savings and income.
  

• Savings: the total financial benefit your complete system has generated on your energy bill.
  

• Income: the amounts your system has earned through grid balancing.