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Griddy sued for $1 billion for alleged price fraud



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photo: Justin Sullivan (Getty Images)

A woman in Texas filed a class action lawsuit this week. US$1 billion In the damages to Griddy, A Texas electricity retailer, the lawsuit alleges that the company was Widespread interruption Swept the entire state last week.

Houston resident Lisa Khoury filed a lawsuit on behalf of countless grid users who may face​​ Excessive bill After the winter storm Kicked out The power of countless residents across the state.each Holly’s suit, Until this month, her monthly electricity bill is between US$200 and US$250. For period bBetween February 1st And February 19, She accused Griddy of being charged she was $ 9,546.

For those who don’t know, Griddy is a service that allows Texas residents to pay what the company claims “Wholesale priceRather than the fixed price that other providers may charge.In addition to these rates, Griddy also requires a flat rate of about $10 Monthly membership.

But these wholesale prices began to soar during the state-wide power outage, which affected million The lawsuit says the people of Texas.The wholesale price is usually $50 per MWh, Reuters Point out The State’s Public Utilities Commission raised the cap to $9,000 per megawatt hour.

“For Griddy’s clients, class actions will be the most effective and effective way. They can unite to fight predatory pricing,” said Derek Potts, a lawyer in the Khoury case. “At present, we don’t know how many people will be affected, but there may be thousands of customers who have received these outrageous bills.”

A label on the company label FAQ page To resolve certain frauds raised in the lawsuit:

The reason the wholesale price is so high is that on Monday, February 15, the Public Utilities Commission of Texas (PUCT) cited its “full authorization for ERCOT” and instructed ERCOT to set the price at $9/kWh. Until the grid can handle the power outage afterwards. Destroyed by severe winter storms.

Another page On Griddy’s website status The company intends to “fight side by side” [its] Customer rights and accountability”, and will prompt the state’s “political appointees” to seriously consider why there is no doubt that “price increases are allowed” One of the worst Power outages in the country’s history.

In Griddy’s defense, the lawsuit alleges that the company emailed its customers on February 14.(Before charging some of these sky-high prices) warned that they should try to find a fixed-rate provider in the next few days. But Khoury said it was too little, too late. The lawsuit stated that by the time she received the email, she and countless other Griddy customers were unable to make the conversion because most providers had not recruited new customers during the storm.

By February 19, when Khoury finally managed to switch suppliers, She has accumulated thousands of dollars in expenses.Other Griddy customers have reported bills Over $5,000, Despite the days without electricity and heat.


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