Start-up Electree uses AI to find best power prices

(CIANEWS) - The new start-up Electree allows households and businesses to buy and sell electricity at pure spot prices. Artificial intelligence controls the search for the best prices and controls the battery. Using a neural network, it can sell customers' electricity when the price is highest and buy the cheapest. When electricity prices are negative, the customer receives money for using the electricity or storing it in the battery. The monthly fee for the ability to buy electricity on spot and use AI Electree is CZK 39 to 390. The notice period is three months and the contract is for an indefinite period.



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