Power Kiosk | LinkedIn (2024)

Power Kiosk | LinkedIn (1)

Power Kiosk | LinkedIn (2)

Business Intelligence Platforms

Chicago, Illinois 3,617 followers

Power through insight, procure with clarity.

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About us

Power Kiosk is the best-in-class proprietary marketplace and intelligent data solutions provider for retail energy. We help energy buyers and suppliers, become more profitable and access more opportunities through our Modular end-to-end platform.

Website
http://www.powerkiosk.com

External link for Power Kiosk

Industry
Business Intelligence Platforms

Company size
11-50 employees

Headquarters
Chicago, Illinois

Type
Privately Held

Founded
2013

Specialties
Energy, SaaS, Procurement, Sales, and E Commerce

Locations

Employees at Power Kiosk

  • Alex Moschopoulos Manager of UI/UX at Power Kiosk
  • Hamed Babai Founder and CEO at Power Kiosk | INC 5000 | Survivor of Near Death Experience
  • Thomas Knight Business Operations, Revenue, Growth, and Marketplace Strategy - Ex Lyft
  • Peruz Carlsen Director Of Development at PowerKiosk

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Updates

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    Important Update for Energy Brokers and Consultants in New York StateAs of July 31st2024, New York required energy brokers and consultants to register with the state and created a new rule that requires the disclosure of compensation by brokers. To comply with the compensation disclosure suppliers will be including broker fees in all contracts to increase transparency for customers going forward.Recently the New York State Supreme Court halted the enforcement of the financial accountability rule, allowing brokers to use bonds instead of an irrevocable letter of credit while the case is under review. Other registration and disclosure requirements remain in effect.Starting September 17th, NY Department will resume work on implementing the regulatory program, excluding the financial accountability provisions as the case is ongoing.Be sure to stay informed on any updates to the compliance schedule. If you have any questions or need guidance on complying with these changes, feel free to reach out to us.Read more here: https://lnkd.in/e2SKTk8y#EnergyBrokers #EnergyConsultants #Regulations #Compliance #NYEnergy #NewYork #BusinessUpdate

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    Important Update for PA MarketsDuquesne Light is seeking approval from the Pennsylvania PUC for a significant rate hike, with customers facing increases up to 16% starting September 25, 2024. This motion reflects the utility's response to under-collections driven by rising PJM capacity prices, signaling that current rates are no longer sustainable. This is another clear example of how utilities are adjusting to the coming cost pressures.The key takeaway for those in the PA market: encourage clients to lock in rates now before these increases take effect.#Pennsylvania #ElectricityRates #DuquesneLight #PJM #EnergyPricing #RateHikes #PowerKiosk

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    Electricity costs are about to surge due to a supply-demand imbalance revealed in the latest PJM auction. The good news? You can still lock in lower rates before the market fully adjusts. Now is the time to secure your energy strategy and protect your bottom line. Read more here: https://lnkd.in/gre5fM94#PJMMarket #ElectircityCosts #EnergyProcurment #EnergyManagement

    Electricity Prices: A Looming Threat for Businesses. powerkiosk.com

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    I am proud of my team that made this dream come to reality! In a recent engagement survey, a strong company culture and sense of Comradary was mentioned as one of the most unique attributes that stand out about Power Kiosk! We share the same vision, core values and passion to make a positive impact in the life of our customers.

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    We are proud to announce that Power Kiosk has been named one of the Inc. 5000 Fastest-Growing Private Companies in America! This achievement reflects the hard work, passion, and commitment of our amazing team. A big thank you to every one of our employees, partners, and clients for believing in our vision and driving us forward. This is just the beginning—we’re excited to keep pushing the boundaries and reach new heights together.#Inc5000 #Growth #InnovationRead more here: https://lnkd.in/ggUGydu

    Inc. 5000 2024: Meet the Companies Building the Future inc.com

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    Update on PJM auction results.

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    PJM 25/26 Base Residual Auction Key Takeaways The purpose of the BRA is to secure commitments from resources to meet the PJM region’s power needs for the delivery year of 25/26. This year’s auction will impact the markets, as rates significantly increased from the previous year. For most of the PJM regions, the rate rose on average 9 times (an increase of $241/MW-day). For example, a business with a 1 MW capacity requirement will see its annual costs increase from approximately $10,556 in 24/25 to about $98,521 in 25/26. The significant increases in rates were attributed to a decrease in supply offers, an increase in project peak load, and new market reforms. Reach out to your Power Kiosk Account Manager to see how this will impact your current customers starting January 2025. Read more here: https://lnkd.in/gARfWT8c

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    Important Update for MA Markets📈 The Massachusetts House of Representatives passed an emended version of S.2838 removing the Senate’s ban on individual residential electric choice.If passed, this Senate bill would have included a ban on new or renewed residential electric service contracts starting in 2026, with an exception for municipal procurement. Now with the House’s decision, the option for residential electric choice remains intact. The House also introduced several improvements for consumers such as faster switching between suppliers and improved moving protocols Overall, this is significant to give consumers more choice and flexibility in the energy markets. Stay tuned for more updates on the energy market!#EnergyNews #EnergyMarkets #Massachusetts #ConsumerRights #Legislation

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    Latest Updates to the National Grid Market: National Grid customers in Massachusetts will see only slight relief in the next six-month pricing period, as the basic service electric rate will stay above 14¢ per kWh. For commercial customers: National Grid's fixed basic service rate for the period August 1, 2024 through January 31, 2025 is 14.823¢ per kWh, which is only about 14% lower than the current rate of 17.262¢ per kWh. For residential customers: From August 1, 2024, to January 31, 2025, the residential basic service rate will be 16.055¢ per kWh, just 12% lower than the current rate of 18.213¢ per kWh Let Power Kiosk help navigate the ever-changing energy landscape!#MarketIntelligence #AI #Energy #DeregulatedEnergy #NationalGrid

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    “What if the market goes down in the future?”This time-old question is impossible to answer with certainty. Financial markets are inherently unpredictable, making any attempt to forecast their future simply speculative.This question, however, still needs to be addressed logically. The customer's position on market volatility is a valid expression of their risk profile, which must be addressed in a successful energy sales pitch. In this article, we investigate a systematic approach to tackle this question: hybrid or layered purchasing strategy.What is Layered Purchasing?A layered purchasing strategy allows buyers to hedge portions of their energy usage incrementally. The initial purchase typically involves a base contract without an energy hedge, setting the stage for market monitoring and hedging in the future.As portions of their usage get locked in–the rest is left open for future opportunities when the market timing is right. A fixed cost helps you manage your budget, but layered purchasing enables you to beat your budget.Read more here: https://lnkd.in/gZvfB4s5

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Funding

Power Kiosk 1 total round

Last Round

Seed

External Crunchbase Link for last round of funding

US$ 520.0K

See more info on crunchbase
Power Kiosk | LinkedIn (2024)

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