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Texas legislators weigh partial and total bans on Griddy-type energy plans
Bills are advancing to help protect Texas residential consumers from outrageous energy bills, but critics say the measures scapegoat providers and skirt real market issues.
Ivet Cantu, 45, shows her electricity bill from Griddy energy on an app totaling $3,979.39 after additional charges and fees, outside of her home in Dallas, on Friday, Feb. 19, 2021. (Ben Torres / Special Contributor)
6:20 PM on May 19, 2021 CDT
Seeking an end to outrageous electricity bills that hit some Texans after February’s winter storm, the Legislature has advanced bills this session that would limit wholesale index products like those sold by Griddy Energy and other providers.
An adverse ruling on a gas price dispute and slumping wholesale power prices have caused Origin to cut its guidance for full-year profit and warn on the outlook for 2022.