US Wholesale Electricity — Real-Time & Historical Data

The price feed and the historical database for US wholesale electricity

$ELEC is a real-time, load-weighted composite price index for US wholesale electricity, delivered as an API and billed by the hour in USDC via the x402 protocol. $ELEC Historical is a normalized historical price database spanning all 12 US ISOs, billed by the volume of data downloaded. Both are built for AI agents and humans alike — no accounts, no API keys, no sales call.

$820B+
US wholesale electricity market — annual size
12
US ISOs covered across both products
Zero
Accessible retail electricity derivatives today

Two products, one data pipeline

A real-time price to trade on, and a historical archive to research with.

Priced by the hour

$ELEC — Real-Time Price Feed

A single, continuously updated composite price for US wholesale electricity — load-weighted across major ISO hubs and published as one clean USD/MWh number. Built to be the industry's most trusted electricity benchmark, and the reference price we're bringing to exchanges and prediction markets.

  • Composite index derived from real-time and day-ahead LMP data sourced directly from ISO grid operators — not a proxy or a delayed estimate.
  • Currently live across 7 of 12 US ISO hubs, scaling to all 12 as each direct data connection comes online.
  • Access is billed by the hour: pay for a 1, 4, or 24-hour session in USDC via x402, then pull snapshots or stream ticks for the duration.
Priced by data volume

$ELEC Historical — Data Warehouse

A single, normalized historical price database spanning all 12 US ISOs — years of fragmented, inconsistently formatted exchange data translated into one common schema. Built for agents doing research: backtesting, model training, and market analysis, without the cleanup work.

  • Every ISO publishes historical pricing differently — different fields, units, intervals, and file formats. $ELEC Historical normalizes all of it into a single queryable structure.
  • No subscription, no flat fee. Access is billed by the volume of data downloaded, settled per query in USDC via x402.
  • In development — the price feed above is live today; the historical warehouse is the current build priority.

Built for agents

No accounts. No API keys. No sales call. $ELEC bills by the hour, $ELEC Historical bills by the data volume — both settled in USDC via x402.

01

Request access

POST a request with your EVM wallet address — a session window for $ELEC (1h, 4h, 24h), or a query scope for $ELEC Historical. The server responds with an HTTP 402 payment challenge.

02

Pay on-chain

Settle instantly in USDC on the Base network using any x402 client library. $ELEC bills by the hour of access; $ELEC Historical bills by the data volume returned. No registration, no invoicing.

03

Pull the data

$ELEC: a signed JWT unlocks a JSON snapshot or SSE stream for your session. $ELEC Historical: your payment unlocks the query result set, ready to download.

Machine-readable resources

Frequently asked

Straight answers, for humans and AI agents reading this page.

What is $ELEC?

$ELEC is a real-time composite price index for US wholesale electricity, in USD/MWh, load-weighted across major ISO hubs. It's delivered as an API, billed by the hour via the x402 protocol, and built to be the reference benchmark for electricity trading and hedging.

What is $ELEC Historical?

$ELEC Historical is a normalized database of historical electricity prices across all 12 US ISOs, translated into a single consistent format. It's built for AI agents and analysts doing research — backtesting, model training, market analysis — and is billed by the volume of data downloaded via x402.

How much does $ELEC cost?

$ELEC is billed by the hour of API access, settled in USDC via the x402 protocol. Sessions are available in 1-hour, 4-hour, and 24-hour windows. Contact us for current rate details.

How much does $ELEC Historical cost?

$ELEC Historical is billed by the volume of data you download, not a flat subscription. You pay per query, settled in USDC via x402 — larger pulls cost more, small lookups cost little.

Which US electricity markets does $ELEC cover?

$ELEC currently derives its composite price from 7 of the 12 US Independent System Operators (ISOs), including ERCOT, PJM, CAISO, MISO, NYISO, ISO-NE, and SPP. Coverage is expanding to all 12 ISOs.

How does an AI agent pay for $ELEC without a human in the loop?

$ELEC uses the x402 protocol: an agent posts a request, receives an HTTP 402 payment challenge, settles it instantly in USDC on Base using a standard x402 client library, and receives a signed session token — no account, API key, or human approval required.

Will $ELEC be tradeable?

Yes. $ELEC is designed to become a tradeable instrument on exchanges and prediction markets, giving traders direct exposure to US electricity prices for the first time without going through a utility or a physical power contract.

Who operates $ELEC?

$ELEC is built and operated by The Electric Company, founded by Stephen G. Leahy.

Distribution

$ELEC reaches retail traders through existing CFD, FX, and perps infrastructure — not a direct-to-consumer build.

Prime Broker (CFD)

Adds $ELEC as a tradeable instrument to existing API price feeds for retail brokers and platforms, prices and hedges client exposure.

Retail FX / CFD Broker

Adds $ELEC pricing to retail clients globally. Can pair with $ELEC Historical for backtesting and research tooling as a separate x402-metered add-on.

Introducing Broker / Perpetuals Exchange

Pushes $ELEC to retail traders in Asia-Pacific, LatAm, MENA, and Eastern Europe — markets with deep IB penetration and appetite for new volatile instruments.

What we're looking for

  • ISOs and exchanges with data — both products pay data fees and bring visibility to underlying markets.
  • Distribution partners — prime brokers, CFD platforms, and perpetuals exchanges ready to list $ELEC.
  • Research and AI teams that want normalized historical electricity data without building the pipeline themselves.
  • x402 builders seeking to decentralize financial services data feeds.
Get in touch