Griddy, the Texas-based electricity provider offering customers access to fluctuating wholesale pricing through a direct selling model, recommended to their customers that they are better off in the near term using a different provider. The recent winter storm that paralyzed the southern U.S. resulted in spot electricity pricing as high as $9,000 per megawatt-hour. Many Griddy customers reported monthly bills over 10 times the usual amount. These increased charges are pass-through, meaning Griddy only keeps a $9.99 per month membership fee.
Griddy Encourages Customers to Leave as Storm Slams Electricity Markets
