@GoGriddy

At Griddy, transparency has always been our goal. We know you are angry and so are we. Pissed, in fact. Here’s what’s been going down:⬇️

 Texas, USA
griddy.com/post/griddy-update-why-energy-prices-were-sky-high-this-week
Joined August 2016
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Para ex clientes de Griddy Energy: Aviso de Bancarrota assets.website-files.com/5df…
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To former customers of Griddy Energy: Notice of Bankruptcy Filing assets.website-files.com/5df…
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#gogriddy
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Tomorrow's projected forecast, 2/20: As of this morning, ERCOT declared that grid operations are back to normal, meaning so are wholesale prices. Prices are now being determined by market conditions again (as they should!).
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For tomorrow, ERCOT is projecting that prices could be a little bumpy in the morning, but they are expected to be very cheap all afternoon.
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Griddy engages with ERCOT, seeking customer relief: griddy.com/post/griddy-seeks… @ERCOT_ISO #griddy
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ERCOT has given the all clear signal, but we still urge you to conserve where you can and to check in with your price dial for the latest info.
ERCOT
@ERCOT_ISO19 Feb 2021
ERCOT operations have returned to normal, and we are no longer asking for energy conservation. Thanks for helping the grid during this very difficult time.
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At Griddy, transparency has always been our goal. We know you are angry and so are we. Pissed, in fact. Here’s what’s been going down: griddy.com/post/griddy-updat… @PUCTX @ERCOT_ISO
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Tomorrow's projected forecast, 2/19: ERCOT is expecting rolling outages across the state to continue at least through tomorrow (Friday) morning’s peak hours. Since ERCOT is still in the highest Energy Emergency Alert, Level 3 (EEA3).
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This will force real-time prices to stay at the market cap of $9/kWh for the rest of today and until these outages have stopped.
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Once the rolling outages and EEA3 have been lifted (again, projected for tomorrow morning), prices will go back to reflecting real-time pricing. The range of those prices will depend on how much generation ERCOT can get back online, and how fast.
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How did we get here? Here is a great article on how and why Texas utility regulator ordered an energy price hike while millions go without power: newsweek.com/texas-utility-c… You can also read the order from the PUCT here: puc.texas.gov/51617WinterERC…

Texas Agency Orders Energy Price Hike While Millions Go Without Power

"Energy prices should reflect scarcity of the supply," an emergency order from the Public Utility Commission of Texas said.

newsweek.com
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Tomorrow's projected forecast,2/18: ERCOT has reported significant progress tonight in restoring power to customer impacted by the outages and has expressed optimism about continued progress. Press release link: ercot.com/news/releases/show…
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Prices will likely remain at extreme levels until gen. is restored to normal levels. We still expect this to take at least a few more days, at least. We are maintaining a list of providers that members have been able to switch to quickly here: griddy.com/post/winter-storm…
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Tomorrow's projected forecast, 2/16: Demand and pricing are looking to be very similar to today with likely continued outages into Tuesday morning. Tomorrow afternoon is likely to have lower prices than in the morning and late evening.
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Elevated prices are expected to continue till the end of the week. This storm has become significantly worse than anybody predicted. We hope you stay safe during this time. We will get through this together.
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Power outages from weather events are handled by your local utility. If you have lost power, you can call them to fix the issue or get a status on outages in your area: griddy.com/outages
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We will continue to provide nightly updates on what the next day's grid conditions look like. You can also get updates about market information throughout the week here.
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Tomorrow's projected forecast, 2/15: Prices today so far have been lower than yesterday as load has been below ERCOT's forecast and wind produced more than ERCOT was expecting. But prices are likely to go higher as we approach the evening peak demand period.
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ERCOT is forecasting record demand again tomorrow with temperatures expected to drop into the low teens in Houston and to single digits in Dallas. Prices tomorrow are likely to be worse than today, based on ERCOT Day Ahead market prices.
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The early part of the day is likely to have lower prices than the afternoon and evening, as temperatures are expected to decline throughout the day. We expect these conditions to persist through Tuesday with elevated prices continuing till the end of the week.
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