According to a notice issued by ERCOT on Friday, Griddy Energy must stop conducting activities under ERCOT protocols due to the violation.
After the unusually icy weather left millions of Texans without power, some reported seeing sky-high electricity bills. Many of those who reported receiving large bills are customers of Griddy, which operates only in Texas.
A Chambers County resident recently filed a lawsuit against Griddy, accusing the supplier of stabbing customers during the freeze last week. She is seeking $ 1 billion in relief for affected customers.
Lawyers for Lisa Khoury said in the lawsuit that her bill rose to $ 9,340 during the week of the storm, compared to her average monthly bills, which range from $ 200 to $ 250. payments from Khoury’s bank account and she withdrew $ 1,200 before blocking further charges from her bank. She still owes thousands.
Watch the full interview with Khoury in the video player above.
Launched in 2017, Griddy is asking $ 10 a month to give people a way to pay wholesale electricity prices instead of a fixed rate. This warned customers to increase prices and encouraged them to call from supplier. The company said wholesale prices were back to normal from February 20th.
Griddy said it has 29,000 members. It is unclear how many other Texans are also paying wholesale prices from other companies.
“We may not get the full picture of the financial devastation for 30 to 90 days,” said Ed Hirs, an energy fellow at the University of Houston.
SEE ALSO: Some Texans could be hit with peak power bills
The electricity trader recently addressed concerns about price depletion on his website and placed the blame on the public utilities commission. The company states that it has not benefited from increased prices.
SEE ALSO: Griddy customers in Houston hit $ 5,500 power bill this week
The Associated Press contributed to this report.
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