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Griddy banned from Texas power market over payment breach

[New York Post, Reuters] The Texas energy company Griddy has been banned from participating in the state’s power market, according to a report. The Electric Reliability Council of Texas revoked Griddy’s rights to enter the state’s electricity market on Friday, because of a payment breach, Bloomberg reported. Griddy had previously said it would challenge the prices […]

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Texan files $1 billion class-action lawsuit after receiving $9,000 electric bill

[ABC NEWS, GETTY] One resident said her bill soared to $9,340 the week of the Texas storm. A $1 billion class-action lawsuit has been filed against Texas wholesale electricity retailer Griddy Energy for allegedly charging exorbitant prices during last week’s historic storm that left millions powerless in the freezing cold. The lawsuit was filed on behalf of […]

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As Texas deep freeze subsides, some households now face electricity bills as high as $10,000

[NBC NEWS, AP] “The last thing an awful lot of people need right now is a higher electric bill — and that’s unfortunately something a lot of people will get stuck with.” As the Texas power grid collapsed under a historic winter storm, Jose Del Rio of Haltom City, in the Dallas-Fort Worth area, saw the electricity […]

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