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Texas Attorney General Sues Griddy for False Advertising in Wake of Winter Storm Price Hikes Photo: Justin Sullivan (Getty Images) Griddy, the Texas power supplier that’s made headlines recently for customers’ sky-high energy bills in the wake of widespread winter storm outages, has racked up another lawsuit. Texas Attorney General Ken Paxton is suing the companyfor “false, misleading, and deceptive advertising and marketing practices” that he claims deceived customers with promises of cheap, “wholesale” energy prices. Advertisement Griddy offers customers what it claims are “wholesale rates” for electricity with rates per kilowatt-hour tied to market prices, as opposed to the kind of fixed-rate plans provided by other retailers. The advantage is customers save a few extra bucks when energy is cheap. The disadvantage though, as many Texans are unfortunately finding out, is that these variable rates can skyrocket to as much as $9,000 per megawatt-hour when demand s

United statesKen paxtonJustin sullivan gettyReliability council of texasTexas attorney general sues griddyFalse advertisingWinter storm price hikesJustin sullivanGetty imagesAttorney general ken paxtonElectric reliability councilStates of the unitedTexas powerTexas power crisisEnergy in texasDynamic pricing