Texas Power Co. Griddy Sued Over Massive Energy Bills

Law360 (February 23, 2021, 4:18 PM EST) -- A group of Texas consumers whose electricity bills skyrocketed during a record-setting winter storm that left millions without power told a state court Monday that electricity provider Griddy, which charged them thousands during the crisis, should be punished.

The proposed class of thousands of Texans said Griddy Energy LLC — which sells electricity to consumers on variable-rate plans that fluctuate with market demand — charged them repeatedly during the storm as energy prices crept up and demand surged. In some cases, Texas consumers saw their bills surge to $17,000 from average monthly charges that were closer to $200, according to the suit....

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