Texas Sues Griddy, Says Electricity Provider Misled Customers

March 1, 2021 ☼ texaspower-failurederegulation

Source: NPR - Link

Texas Attorney General Ken Paxton is suing Griddy, saying the electricity provider passed along massive increases during winter storms, leaving some customers to face up to $5,000 in power bills. Paxton’s lawsuit says Griddy deceived customers when it promised low “wholesale” energy prices.

The state says it received more than 400 complaints about Griddy in less than two weeks.

It’s a good thing they are suing, but it’s really just a scapegoating of Griddy. Griddy did exactly what the “market” demanded: sold power as cheaply as possible and cut corners everywhere.