Anonymous ID: d96519 Feb. 20, 2021, 5:03 p.m. No.13012280   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Is Griddy price gouging during this storm?

 

We've been asked this question enough times this week, that we feel we need to put it here: Of course not. We charge you the wholesale, real-time price of energy, which changes every 5 minutes. We add to that the pre-set cost of delivering the energy to your home and the taxes and fees assessed on your energy. You effectively pay the same price as a retail energy provider or utility. No markups. No hidden fees. No contracts. Thatโ€™s it.

 

The reason wholesale prices were so high was on Monday, February 15th, the Public Utility Commission of Texas (PUCT) cited its โ€œcomplete authority over ERCOTโ€ to direct that ERCOT set pricing at $9/kWh until the grid could manage the outage situation after being ravaged by the freezing winter storm. These prices lasted until Friday and unfairly targeted people on indexed or variable plans. You can read more about the price increase here.

 

You can always verify the current prices across Texas on ERCOT's website. The unit of measure is dollars per megawatts, so to get your current price in cents per kWh, just divide the number you see on the chart by 1,000. For example, if the price listed is $18.20, you can divide that number by 1,000 to get $0.0182, or 1.82ยข/kWh

 

https://www.griddy.com/storm-faqs