Griddy Seeks Retail Supplier License In Northeast State, Plans Pay-As-You-Go Product With Initial Prepayment, Minimum Account Balance Requirement
Discloses Texas Customer Count
February 5, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
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Griddy Energy LLC, known for its real-time wholesale pricing retail electricity product in Texas, has applied for a Pennsylvania electric supplier license to serve all customer classes in all service areas
In its Pennsylvania application, Griddy noted that it is currently serving approximately 28,000 residential and commercial customers in Texas
Notably, in its Pennsylvania application, Griddy stated, "Applicant will offer a full suite of fixed rate, variable rate and
time-of-use electric products, including products supported by renewable energy certificates."
Griddy included with its application a sample standard mass market contract summary for a plan that would be the PJM LMP price plus costs associated with renewable
energy portfolio standards obligations, ancillary and capacity charges, transmission charges,
and required taxes and fees, plus a monthly
subscription fee of $9.99.
The sample contract summary also states the plan is a pay-as-you-go service
Under "Deposit Requirements", the sample contract summary states, "Customer will be billed directly from Griddy for all electricity supply charge. Customers
must establish an initial connection balance of $49 upon enrollment to establish pay-as-you-go
service ('Connection Balance')."
A sample terms of service further provides, "Griddy only offers pay-as-you-go billing, which requires you to prepay your electricity supply charges by
establishing a Connection Balance of $49 and maintaining an Account Balance of at least $10 at all times."
The sample terms of service further provides, "Your Account Balance must remain higher than the Disconnection
Balance. If your Account Balance falls below the Disconnection Balance, Griddy may terminate this Agreement
upon prior written notice and return you to the utility default service."