Griddy customers won’t have to pay big bills as of the February freeze

HOUSTON Former Griddy Energy customers are off the hook. AN Settlement Between Texas Attorney General and Electricity Wholesaler means customers stuck with huge bills from the February freeze won’t have to pay a cent.

Griddy offered customers the wholesale electricity rate instead of a flat rate. It caused everyone to pay huge bills when the winter storms caused energy prices to skyrocket. In March, Attorney General Ken Paxton filed suit against the company for false, deceptive and deceptive advertising and marketing practices. Griddy filed for Chapter 11 bankruptcy the same month.

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The settlement, along with Griddy’s confirmed bankruptcy plan for liquidation, releases former Griddy customers from all outstanding balances otherwise owed and owed to Griddy.

Former customers can file a legal claim in bankruptcy court to recover the money they may have already paid for the electricity they used during the winter storm.