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Electricity 101: A Texan s Guide to Shopping the Competitive Market
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Saving money on electricity
HOUSTON – It is heating up outside, and that is a good reminder that you may need to shop around for a new electric plan. We know electric rates tend to go up in the heat of the summer. That’s why you should lock in your rate before they start to go up.
“If you haven’t changed providers and you don’t really remember the last time you did this, chances are you’ve probably fallen out of your fixed price contract and you’re probably on a variable rate program,” said Jesson Bradshaw, the Chief Executive Officer at Energy Ogre.
Energy experts confident power will stay on through summer despite ERCOT s warning KTRK
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On Wednesday, ERCOT tweeted saying there are tight grid conditions, but they re not asking people to conserve energy like they did on Tuesday.
Tight grid conditions today, no conservation appeal; managing system reliability during off-peak seasons requires balanced approach: https://t.co/6sCpzV1ltf ERCOT (@ERCOT ISO) April 14, 2021
The warning sparked customers concerns triggered by February s power outages across the state. Fortunately, ERCOT didn t issue an energy emergency that day. What we saw [Tuesday] was a function of having higher demand for this time of year, at the same doing maintenance on power plants and transmission lines, getting ready for the peak summer season, said Jesson Bradshaw, the CEO of Energy Ogre.
Griddy Energy files for Chapter 11 bankruptcy protection
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HOUSTON, Texas (KTRK) Griddy Energy filed for Chapter 11 bankruptcy protection Monday, documents show.
The company has been ridiculed for its pricing structure after customers received bills for tens of thousands of dollars in the wake of February s brutal winter storm and power outage. Griddy charges $10 a month to give people a way to pay wholesale prices for electricity instead of a fixed rate. But when temperatures plummeted well below freezing last month, wholesale prices spiked and Griddy customers were left with sky-high electricity bills.
In its filing, Griddy said it owed $29 million to ERCOT for energy costs, $1.2 million to CenterPoint for distribution costs, $1.1 million to Oncor, and another $1 million to Stripe for credit card processing services. It owed at least another $1 million to various other smaller energy companies.
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