According to a notice posted by ERCOT on Friday, Griddy Energy must stop performing activities according to ERCOT protocols due to non-compliance.
After the unusual icy weather left millions of jeans without electricity, some reported seeing high electricity bills. Many of those who have reported receiving large bills are customers of Griddy, which only operates in Texas.
Recently, a Chambers County resident filed a class action lawsuit against Griddy, accusing the supplier of busting prices during last week’s freeze. She is seeking $ 1 billion in grants for affected clients.
Lisa Khoury’s lawyers said in the lawsuit that her bill increased to $ 9,340 the week of the storm, compared to her average monthly bills that ranged from $ 200 to $ 250. Griddy drafted several payments from Khoury’s bank account several times, according to the lawsuit, which he withdrew $ 1,200 before blocking other charges from his bank. Ten thousand more.
Watch the full interview with Khoury on the video player above.
Griddy, which launched in 2017, charges $ 10 a month to give people a way to pay wholesale electricity prices instead of a flat rate. He warned customers that prices were rising and urged them to switch suppliers. The company said wholesale prices returned to normal as of Feb. 20.
Griddy said it has 29,000 members. It’s unclear how many other jeans also pay wholesale prices from other companies.
“We won’t get the full picture of the financial devastation for maybe 30 to 90 days,” said Ed Hirs, an energy fellow at the University of Houston.
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The electricity retailer recently addressed its concerns about the price reduction on its website and firmly blamed the Public Utility Commission. The company claims it did not benefit from the price increase.
SEE ALSO: Houston Griddy Customer Received $ 5,500 Energy Bill
The Associated Press contributed to this report.
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