Texas AG Sues Griddy Energy Over Price Gouging

 

AUSTIN, TX – Texas Attorney General Ken Paxton announced Monday the state will sue electric provider Griddy. The energy company came under fire after its customers were hit with unreasonable electric bills. The energy company will have to deal with the lawsuit after being removed from the Texas energy marketplace.

According to the AG's office, Griddy is being sued for violating the Texas Deceptive Trade Practices Act through false, misleading, and deceptive advertising and marketing practices.

After the Valentine's Day storm left millions without power, Griddy passed on high energy costs to customers with little to no warning.

“Griddy misled Texans and signed them up for services which, in a time of crisis, resulted in individual Texans each losing thousands of dollars. As Texans struggled to survive this winter storm, Griddy made the suffering even worse as it debited outrageous amounts each day. As the first lawsuit filed by my office to confront the outrageous failure of power companies, I will hold Griddy accountable for their escalation of this winter storm disaster,” said Attorney General Paxton. “My office will not allow Texans to be deceived or exploited by unlawful behavior and deceptive business practices.” 

On Friday, ERCOT announced it revoked Griddy's right to conduct activity under the ERCOT Protocols due to a payment breach.

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