Griddy was an American power retailer that formerly sold energy to people in the state of Texas at wholesale prices for a $9.99 monthly membership fee[1] and had approximately 29,000 members.
[7] Customers had previously seen the wholesale rates hit that high in August 2019, but only for a 90-minute period, which the company then noted was an unprecedentedly long time at that price.
[12] On February 15, during the power crisis, the state's Public Utility Commission required ERCOT to set the price to the $9,000 maximum.
[13][14] In the week after the storm, one Chambers County customer filed a proposed class action lawsuit against Griddy, alleging price gouging and seeking $1 billion in relief.
[20][21] In August 2021, Griddy settled the false and misleading practices suit filed by the state of Texas, agreeing to wipe out the debts still owed by its customers.