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About Griddy Energy
Griddy Energy is a wholesale electricity supplier that first entered the Texas deregulated energy market in 2017. Griddy works differently than traditional retail electric providers (REPs) by providing its customers with direct access to wholesale electricity prices.
While this may sound like a good thing, it comes with risks to be aware of. Wholesale electricity prices change every five minutes and it is the responsibility of the customer to monitor these changes. Griddy Energy customers can profit from market lows but may also experience extreme highs during periods of peak demand.
Griddy Energy Electric Rates
Griddy works by offering customers access to the wholesale electricity market for a subscription fee of $9.99 per month. Both residential and commercial customers can sign up for the service. The final bill adds up to the subscription fee, the price of electricity based on your usage, and any TDSP and grid charges combined.
Because wholesale prices are extremely volatile, Griddy Energy customers do not have contracts and can switch providers at any time with no termination fees. With Griddy, a customer’s electric rate is entirely dependent on the spot price of electricity at that given time.
Wholesale electricity is only for those who want to constantly monitor the market and have the flexibility to turn off big energy users as soon as prices spike (which can happen as often as every five minutes). For more stability, enter your ZIP code above to shop Griddy Energy alternatives in the Choose Energy marketplace, or see below for our current low rates.
Griddy Energy Reviews
Griddy Energy received a lot of attention in August of 2019 when high heat and high energy demand in Texas forced wholesale prices above $9,000 per megawatt. Some customers saw their bills add up to hundreds of dollars for a matter of days.
While wholesale pricing is not inherently bad, it can be unpredictable, and this is something to keep in mind when considering Griddy. For customers who want any kind of stability in their monthly energy bill, we recommend a more traditional retail electric provider.
Have a question about your electricity service? Contact Griddy Energy.