Thread: Texas Cold Snap
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Old 02-23-2021, 01:03 PM
vintagetoppsguy vintagetoppsguy is offline
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Location: Houston, TX
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Quote:
Originally Posted by AustinMike View Post
As mentioned above, there is a company in Houston, Griddy, that sells electriciy based on the wholesale cost of what they pay for it. It costs $9.99 per month and then whatever power you use based on the cost the company pays for the power. In times of low demand, it's supposed to save the customers money. With the spike in demand, the cost of electricity spiked ... tremendously. So their customers paid whatever Griddy paid for the power. Griddy did send out emails to warn their customers in advance of the storm that they should look for a different provider. Many didn't heed the warning (not sure if I would have either).
Correct. But from the stories that I'm hearing, there were some that tried to heed the warning and actually shopped around for another electricity provider, but were told by all the providers that they weren't accepting new customers at the time.
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