What we hoped to never say
An update from the Griddy family.
To our loyal Griddy members,
It was not a choice we made.
On February 16th we asked ERCOT for emergency help when our members needed it the most and they did not take action. This is after the PUCT mandated the maximum price for days – a decision they made to take the price out of the hands of the market in a 6-minute meeting.
Today, ERCOT took our members and have effectively shut down Griddy. On the same day when ERCOT announced that it had a $2.1 billion shortfall, it decided to take this action against only one company that represents a tiny fraction of the market and that shortfall.
We have always been transparent and customer-centric at every step. We wanted to continue the fight for our members to get relief and that hasn’t changed.
We will send you updates with more information as we get it. You will always be a Griddster.
A heartfelt thank you,
The Griddy Family
from Hacker News https://www.griddy.com/
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