ERCOT Shuts Down Wholesale Electricity Provider Griddy In Texas

AUSTIN, Texas (CBSDFW.COM) - ERCOT has shut down wholesale electricity provider, Griddy, in Texas.

Griddy's customers are now being switched to other electric providers.

The company tweeted a letter to its loyal members Friday night, Feb. 26.

The company said "it was not a choice that we made."

Griddy is a wholesale electric retail provider.

For a monthly fee of $9.99, Griddy charges its customers real-time wholesale energy prices with no mark-up.

Griddy only makes money off its monthly membership no matter the price of electricity.

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In:
• Texas News
• ERCOT