ERCOT pulls the plug on electricity retailer Griddy’s ability to operate in Texas
By Tom Steele & Maria Halkias February 26, 2021
The company, which offers electricity at wholesale prices, came under fire after customers faced staggering bills during this month’s deadly winter storms.
The Electric Reliability Council of Texas has revoked the ability of energy retailer Griddy to operate on its power grid.
The Houston-based company, which offers plans that are tied to the wholesale price of electricity, came under fire after customers faced staggering bills during this month’s deadly cold snap that led to widespread blackouts across Texas.
ERCOT, which manages the state’s power grid, took away Griddy’s access to the state’s electricity market because of nonpayment. ERCOT’s order said the company had 10,127 customers as of Friday, which is significantly lower than the 29,000 Griddy had quoted before the weather crisis.
Griddy’s customers are automatically being switched to TXU or Reliant, the two largest providers of electricity in Texas. Both have been designated by the Public Utility Commission of Texas to take on customers after another provider goes out of business or, in this case, is forced out.