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ERCOT revokes electricity provider Griddysrights to operate due to payment breach

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Lisa Khoury says her average electricity bill ranges from $200 to $250 but during a winter freeze that leftTexans without power Khoury saw a spike in her bill Now shes suing electric retailer Griddy

The Electric Reliability Council of Texas which manages Texas power grid and has receivedmassive backlash for their actions during last weeks winter storm has revoked electricityprovider Griddys rights to operate due to a payment breach

According to a notice issued by ERCOT on Friday Griddy Energy must stop conductingactivity under ERCOT protocols due to the breach

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382021 ERCOT revokes Griddy Energy rights to operate due to payment breach - ABC13 Houston

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After the unusual icy weather left millions of Texans without power some reported seeingsky-high electricity bills Many of those who have reported receiving large bills are customersof Griddy which only operates in Texas

A Chambers County resident recently filed a class-action lawsuit against Griddy accusing theprovider of price gouging customers during last weeks freeze She is seeking $1 billion inrelief for affected customers

Attorneys for Lisa Khoury said in the lawsuit that her bill spiked to $9340 the week of thestorm compared to her average monthly bills that range from $200 to $250 Griddy draftedpayments from Khourys bank account several times according to the lawsuit pulling $1200before she blocked further charges from her bank She still owes thousands

Watch the full interview with Khoury in the video player above

Griddy which launched in 2017 charges $10 a month to give people a way to pay wholesaleprices for electricity instead of a fixed rate It warned customers of raising prices and urgedthem to switch providers The company said wholesale prices returned to normal as of Feb20

Griddy said it has 29000 members Its unclear how many other Texans also pay wholesaleprices from other companies

We wont get the full picture on the financial devastation for maybe 30 to 90 days said EdHirs an energy fellow at the University of Houston

SEE ALSO Some Texans could be hit with spiking power bills

The electricity retailer recently addressed concerns of price gouging on its website and firmlyplaced the blame on the Public Utility Commission The company states that it did not profitfrom raised prices

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382021 ERCOT revokes Griddy Energy rights to operate due to payment breach - ABC13 Houston

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SEE ALSO Griddy customer in Houston slapped with $5500 power bill thisweek

The Associated Press contributed to this report

Report a correction or typo

RELATED TOPICS society texas electric winter storm texas news power outage lawsuit bills

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