All sectors / Energy & power / Griddy
Houston, Texas, United States
Add a review
Griddy was a Texas-based electricity retailer that provided customers direct access to wholesale energy prices for a $9.99 monthly fee. Unlike traditional providers, Griddy’s pricing fluctuated in real-time based on market rates. However, during the February 2021 Texas winter storm, extreme power demand caused wholesale prices to hit $9,000 per megawatt-hour, leaving customers with massive bills—some exceeding $5,000 in days. The company advised customers to switch providers, but ERCOT ultimately revoked its grid access due to nonpayment. Shortly after, the Texas Attorney General sued Griddy for deceptive business practices. Facing financial and legal pressures, the company filed for bankruptcy in March 2021. By August 2021, a settlement was reached, relieving customers of unpaid storm-related bills. Griddy ceased operations, and its website is no longer active. Its collapse highlighted the risks of variable-rate electricity plans in volatile market conditions.
Gregory L. Craig
Operating since 2017
200 Members
Support concious people make more insightful choices
Found any error in information about this organisation?
Are you owner of Griddy?
Similar companies
Carnegie Clean Energy
Australia
Carnegie Clean Energy focuses on developing advanced wave energy technologies, particularly the CETO® system, which captures ocean wave energy to generate renewable electricity. Their goal is to provide sustainable energy solutions, reduce carbon emissions, and contribute to global clean energy progress.
Powershop
Melbourne, Victoria, Australia
Powershop is an Australian electricity and gas retailer providing innovative energy solutions. With a user-friendly app, flexible billing, and GreenPower options, it offers customers transparency and control over energy usage. Acquired by Shell Energy, it supports renewable energy and sustainability.
inexogy
Germany
Inexogy specializes in smart energy meters, supporting the transition to efficient and renewable energy systems. Their services enable transparent data, efficient energy monitoring, and integration of renewable sources, serving businesses, utilities, and residential energy solutions.
SOLshare
Dhaka, Dhaka, Bangladesh
SOLshare is a pioneering climate-tech company in Bangladesh, developing smart peer-to-peer solar microgrids, electric mobility solutions, and energy marketplaces. Their innovative approach integrates renewable energy with transportation, enhancing sustainability, reducing emissions, and boosting incomes in underserved communities.
Next Kraftwerke
Next Kraftwerke, a Shell subsidiary, manages one of Europe's largest Virtual Power Plants. It aggregates decentralized energy resources, enabling efficient power trading, balancing, and grid stability. With over 15,000 networked units, the company advances renewable energy integration across multiple European markets.