Griddy banned from Texas power market after failing to make payments, customers moved to other providers
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.”
Copyright 2021 KOSA. All rights reserved.