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Griddy Prices Spike

Instantly switch away from Griddy and save.

Griddy Electric
Griddy Electric
Brad Author
Author

Brad Gregory

Ryan Hatch ComparePower editor and author
Editor

Ryan Hatch

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Any product or company names, marks, or logos shown on this page are the property of their respective owners. ComparePower is an unaffiliated, independent marketplace. Get unbiased, accurate information backed by our commitment to editorial integrity.

We gave Griddy a try…read our latest review:

Griddy Energy Reviewed – I Gambled with Griddy and Here’s What I Learned

Table of Contents
  • Griddy prices spike – Switch today and save
  • Griddy Energy reviews
  • The risk of wholesale electricity prices
  • Compare Griddy Energy rates with competing Texas energy plans
  • How to choose the best electricity plan in Texas

Griddy prices spike – Switch today and save

Electricity prices surged past a $9,000 a megawatt-hour price cap in Texas as extreme heat sent power demand skyrocketing.

Griddy customers felt the heat the most as extreme temperatures sent power demand skyrocketing and wholesale electricity prices surging past a $9,000 a megawatt-hour price cap in Texas.

Energy prices for Griddy customers were projected to be as high as $7.00 / kWh on August 16th, 2019.

Users shared screengrabs and voiced their frustrations online about how much they’ve been paying per kilowatt-hour. Many Griddy customers reported paying $100 or more daily to power their homes.

Why pay 7 dollars per kilowatt-hour? Choose a fixed-rate plan on ComparePower today.

Griddy Prices Spike
Griddy App – August 16, 2019. Compare Griddy’s $7/kWh to 7c/kWh on ComparePower. 

Instantly switch away from Griddy.

 

Griddy Energy reviews

See what ComparePower customers had to say as they switched away from Griddy during the wholesale price spikes.

Griddy Prices Spike

Griddy Prices Spike

The risk of wholesale electricity prices

As temperatures in the state climbed to 103 degrees Fahrenheit (39 Celsius), ERCOT issued an emergency alert, asking Texans to conserve energy and calling on all power plants to ramp up production.

When demand goes up, so does the price! Real-time consumers are at risk during a price surge such as this one.

Griddy Prices Spike

Playing the wholesale market is a massive gamble as the wholesale price of electricity fluctuates wildly based on many factors, including weather, maintenance issues, and the time of day, leaving consumers vulnerable when prices skyrocket during peak conditions.

The bottom line is when you need electricity the most, you pay the highest price.

People prefer predictability and stability in their energy choice.

The best way to have a predictable energy bill is to lock in a fixed rate and not gamble by guessing what the wholesale price of electricity will be in the future.

ComparePower lets you find and compare low fixed-rate plans from multiple Texas electricity providers, ensuring you are getting the best rate possible for your contract term.

Switch to a predictable energy plan in 5 minutes.

Compare Griddy Energy rates with competing Texas energy plans

Plan Name Plan Length Rate
Constellation - 12 Month (No Min Usage Fee)12 months$0.135 / kWh
Constellation - 12 Month Usage Bill Credit12 months$0.119 / kWh
Constellation - 36 Month Usage Bill Credit36 months$0.119 / kWh
4Change Energy - Cash Money 1212 months$0.125 / kWh
4Change Energy - Maxx Saver Select 1212 months$0.088 / kWh
4Change Energy - One Rate 1212 months$0.139 / kWh
4Change Energy - Power Maxx Saver 1212 months$0.166 / kWh
4Change Energy - Maxx Saver Select 2424 months$0.088 / kWh
4Change Energy - One Rate 2424 months$0.135 / kWh
4Change Energy - Power Maxx Saver 2424 months$0.165 / kWh
4Change Energy - Smart Thermostat 2424 months$0.125 / kWh
Frontier Utilities - Frontier NHF 12+12 months$0.147 / kWh
Frontier Utilities - Frontier Saver Max 1212 months$0.198 / kWh
Frontier Utilities - Frontier Saver Plus 1212 months$0.088 / kWh
Frontier Utilities - Frontier Saver Value 1212 months$0.171 / kWh
Gexa Energy - Gexa Eco Saver Advantage 1212 months$0.187 / kWh
Gexa Energy - Gexa Eco Saver Lite 1212 months$0.172 / kWh
Gexa Energy - Gexa Eco Saver Plus 1212 months$0.088 / kWh
Gexa Energy - Gexa Eco Saver Premium 1212 months$0.198 / kWh
Discount Power - Wise Buy 2424 months$0.108 / kWh
Reliant - Reliant Basic Power 12 plan12 months$0.128 / kWh
Reliant - Reliant Conservation 12 plan12 months$0.125 / kWh
Reliant - Reliant Truly Free Weekends 100% Solar 12 plan12 months$0.138 / kWh
Reliant - Reliant Truly Free Nights 100% Solar 12 plan12 months$0.138 / kWh
Cirro Energy - Smart Lock Saver 2424 months$0.126 / kWh
Direct Energy - Live Brighter Lite 1212 months$0.123 / kWh
Direct Energy - Live Brighter 1K+ 2424 months$0.138 / kWh
Direct Energy - Live Brighter Lite 2424 months$0.123 / kWh
Payless Power - Simple 66 months$0.179 / kWh
Payless Power - Premier 1212 months$0.178 / kWh
TXU Energy - TXU Energy Flex Forward1 months$0.172 / kWh
TXU Energy - TXU Energy Clear Deal 1212 months$0.116 / kWh
TXU Energy - TXU Energy Saver's Discount 1212 months$0.160 / kWh
TXU Energy - TXU Energy Simple Rate 1212 months$0.162 / kWh
TXU Energy - TXU Energy Clear Deal 2424 months$0.129 / kWh
TXU Energy - TXU Energy Saver's Discount 2424 months$0.176 / kWh
TXU Energy - TXU Energy Season Pass 1212 months$0.169 / kWh
TXU Energy - TXU Energy Ultimate Summer Pass 1212 months$0.169 / kWh
TXU Energy - TXU Energy Solar Saver 1212 months$0.183 / kWh
TXU Energy - TXU Energy Solar Value 1212 months$0.135 / kWh
TXU Energy - TXU Energy Free Nights & Solar Days 12 (8 p.m.)12 months$0.175 / kWh
Flagship Power - Galleon1000 1212 months$0.100 / kWh
Flagship Power - Galleon2000 1212 months$0.200 / kWh
Flagship Power - Schooner 1212 months$0.140 / kWh
Flagship Power - Galleon1000 2424 months$0.100 / kWh
Flagship Power - Galleon2000 2424 months$0.200 / kWh
Flagship Power - Schooner 2424 months$0.140 / kWh
Flagship Power - Galleon1000 3636 months$0.101 / kWh
Flagship Power - Galleon2000 3636 months$0.201 / kWh
Flagship Power - Schooner 3636 months$0.139 / kWh
Flagship Power - Cruiser 1212 months$0.141 / kWh
Flagship Power - Weekender 1212 months$0.140 / kWh
Flagship Power - Cruiser 2424 months$0.141 / kWh
Flagship Power - Weekender 2424 months$0.140 / kWh
Flagship Power - Cruiser 3636 months$0.142 / kWh
Flagship Power - Weekender 3636 months$0.141 / kWh
Flagship Power - Windsurfer 1212 months$0.145 / kWh
Flagship Power - Windsurfer 2424 months$0.145 / kWh
Flagship Power - Windsurfer 3636 months$0.144 / kWh

These live rates for ONCOR ELECTRIC DELIVERY COMPANY service area were updated on June 9, 2023 at 10:27 pm CST. Pricing shown is based on an exact usage of 1000 kWh.

Instantly compare competing Texas electricity plans and rates.

How to choose the best electricity plan in Texas

Selecting a Griddy Energy plan without knowing your home’s energy usage can cost you hundreds or thousands of dollars.

Switching providers? Energy rates on ComparePower can be customized to your specific historical power usage.

Moving? ComparePower helps estimate your new home’s energy usage, ensuring you choose the best plan for your household.

Lock in the best rate by comparing competing energy plans on ComparePower. Enter your zip code to compare energy company plans for your specific usage in your service area.

The #1 most important thing: Know your usage!

The key to avoiding overpaying is knowing your expected usage and comparing monthly costs for each plan based on that usage amount.

With things like gasoline, the “price per gallon” you see on the sign is the price you pay no matter how many gallons you pump.

$3 per gallon. Pump 10 gallons, and pay $30. Simple.

Electricity in Texas is not as simple as buying gasoline. The advertised “price per kWh” is based on a specific, exact monthly usage (usually 2000 kWh).

And each plan has a different calculation for determining your monthly bill.

Your effective “price per kWh” can only be determined by calculating your monthly bill, then dividing that monthly bill by your usage.

Advertised “price per kWh” can be misleading because it’s based on a specific usage like 2000 kWh. It’s best to shop based on the total bill for your home’s expected usage.

How do you do that when the math is complicated, and every plan differs?

ComparePower has already done all this complicated math for you.

First, we help you determine your expected monthly kWh usage. Then we show you the plans and their total monthly cost for your usage.

Enter your zip code for guidance choosing your best rate plan.

Business electricity

Click here to get competing quotes for your business electricity.

You need to compare prices from competing energy companies to find the best commercial electricity rates.

ComparePower bridges the gap between your business and energy companies by inviting various energy providers to compete for your business in a sealed bid process.

You submit your information once, and the providers will present their bids. You choose the cheapest price. Simple, quick, and easy.

Texas energy companies

Switch to a predictable fixed-rate plan from a trusted Texas energy provider.

Instantly enroll for service with great electricity providers such as TXU Energy, Reliant, Direct Energy, Green Mountain, and more.

Click on the provider of your choice to view rates, learn more, or sign up.

Energy CompaniesPhone Number
4Change Energy888-250-2215
Amigo Energy866-993-4445
Cirro Energy866-965-5600
Constellation877-390-0411
Direct Energy866-285-4447
Discount Power866-996-1740
Flagship Power866-747-7111
Frontier Utilities866-280-3131
Gexa Energy888-688-8460
Green Mountain866-983-4770
Just Energy866-985-2820
New Power Texas888-316-0697
Payless Power855-854-8490
Pulse Power888-317-1431
Reliant866-983-4620
TXU Energy866-370-2440
Tara Energy877-599-2580

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