Weather Alert

Griddy-High Power Lawsuit

Texas Attorney General Ken Paxton filed a lawsuit Monday against an energy company that he claims violated the Texas Deceptive Trade Practices Act during the winter storms.

Paxton says Griddy, LLC passed “skyrocketing energy costs to customers with little to no warning, resulting in consumers paying hundreds or even thousands of dollars each day for electricity.”

Griddy’s pricing model charges customers a $10 subscription fee and then uses the wholesale price of electricity, rather than a retail price, to charge customers for power.

The indexed pricing model has led to an enormous increase in bills for customers as wholesale prices shot up more than 300 times than normal during the storms as supply weakened and demand spiked.

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