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Griddy banned from Texas power market after failing to make payments, customers moved to other providers

The Texas electricity provider has been criticized for saddling some customers with sky-high...
The Texas electricity provider has been criticized for saddling some customers with sky-high electricity bills.(Shane Battis (KOSA))
Published: Feb. 27, 2021 at 8:27 AM CST
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ODESSA, Texas (KOSA) - Texans who use Griddy Energy LLC are being moved to different providers after the company failed to make payments due to Texas’s Electric Reliability Council (ERCOT), according to a market notice.

Griddy has come under scrutiny after some of its customers with variable-rate plans received sky-high electric bills, including an Odessa man who received a $12,000 bill. ERCOT has the power to ban providers from doing business if they make four late payments in one year.

According to a separate market notice, Texas electricity providers failed to pay more than $2.1 billion in payments due to ERCOT, which relies on fees to operate the state’s electric grid.

Griddy sells wholesale electricity, where customers pay a variable price per kilowatt. That price is usually low, but prices skyrocketed during Winter Storm Uri because many power generators were knocked offline, upsetting supply and demand.

In a statement released Friday, Griddy said, “We have always been transparent and customer-centric at every step. We wanted to continue the fight for our members to get relief, and that hasn’t changed.”

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