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Texans who switched to companies like Griddy to buy their electricity at wholesale prices are now seeing HUGE bills

And another shoe has dropped. . .

Texas power retailer Griddy, which allows customers to buy their electricity at wholesale prices, told its customers to switch providers as the spot cost of energy skyrocketed in the state:

The price rose to as high as $9000 a megawatt-hour.

Yes, a “train wreck” is the proper term when rates go from $22 a megawatt-hour to $9000:

Griddy’s homepage, at the very least, acknowledges that “things suck right now”:

And people are starting to share their huge bills online:

It’s going to get worse, folks:

***

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