ERCOT Shuts Gritty Energy’s Access over Unpaid Bills Posted on 02/28/2021 Griddy Energy LLC is a Texas retail electricity provider that sold consumers electricity at wholesale rates. A rare event occurred in which prices rose to US$ 9,000 per megawatt hour as the cold front marched in to freeze Texas. Griddy Energy faced serious heat after customers got insanely-high power bills during the cold front storm in Texas. Griddy Energy, which operates in the retail energy market, was barred from participating in the state’s power market on February 26, 2021. In a market notice, the Electric Reliability Council of Texas (ERCOT) killed Griddy’s rights to conduct activity in Texas’ electricity market due to nonpayment. Griddy Energy seeks to challenge the prices set by the grid operator during the crisis. Griddy Energy’s CEO Michael Fallquist declined to testify at Texas legislative hearings on February 26, 2021. Fallquist started his job in December 2020.