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If you’re comparing electricity providers in the Texas area, you’ve likely come across Griddy Energy. Griddy is on a mission to bring transparent, wholesale electricity prices to Texas. Their unique price model certainly breaks the mold. If you’re looking to secure cheap electricity for your home or business, they’re worth investigating.
Please keep reading to discover all you need to know about Griddy Energy. Find out how they are shaking up the market and crucially whether their business model’s pros outweigh the cons.
About Griddy Energy
Founded in 2017 and based in Texas, Griddy Energy stands out from other providers thanks to its transparent, honest, and upfront approach to electricity pricing. Griddy prides itself on helping customers secure cheap electricity, taking less margin for themselves, and using smart technology to ensure vital utility discounts. With Griddy, there’s no mark upon the cost of your electricity, just a monthly membership fee of $9.99.
Griddy Energy Price: What You Need to Know
Griddy Energy’s price model is very different from most Texas providers, who offer a range of electricity price plans to suit differing business and residential needs. Giddy has no price plans, just pay-as-you wholesale energy billing that Griddy’s lead team says hands power back to the consumer.
Griddy residential customers pay the wholesale rate for their electricity, in addition to their monthly membership fee. Giddy has also done away with administration costs and removed early termination charges and contract markup fees to deliver further savings to customers.
Business customers also pay a membership fee, but this time it’s based on your usage for the past year rather than being a fixed rate. The varying monthly membership prices are:
- 0 – 5,000 kWh – $9.99
- 5,000 – 15,000 kWh – $99
- 15,000 – 30,000 kWh – $199
- 30,000 – 60,000 kWh – $299
- 60,000+ – Custom
Remember, when you’re looking at prices, it’s easy to fall into the trap of choosing the provider that looks cheapest on paper. Instead, ask your provider to share the energy facts label for the details in the rates they’re quoting.
In Griddy Energy, while it is significant that the company doesn’t charge and markup in the wholesale electricity price, they also transfer to the consumers the entire pricing volatility risk. This is fantastic and means meaningful potential savings during the periods when the spot prices go down. Still, it can be terrifying -and very expensive- when there are price spikes.
Pros of Griddy Energy
Griddy’s unique business proposition delivers a whole host of benefits to consumers, including:
- Griddy promises total transparency, which builds trust with consumers
- Wholesale pricing is typically below the Texas average of around eight cents a kilowatt-hour
- Griddy EnerWisely uses the same smart meter technology as EnerWisely, which measures your electricity usage in 15 minutes and helps you understand and adapt your consumption trends.
Alongside the pros above, Griddy has recognized customer service capabilities and online platforms that give customers a good understanding of their billing.
Cons of Griddy Energy
When looking at any energy provider, you need to weigh up the pros and the cons. If you search Griddy energy reviews online, you’ll discover a mix of good and bad customer experiences. Here are some things to watch out for:
- Griddy is a prepaid electricity plan, so you need credit to your account to receive power
- The wholesale market rate can fluctuate, meaning Griddy price spikes are common
- There’s no option to fix your rate to secure your bills in the future
As you can see, there’s more to effective energy pricing than cheap headline rates. Use a smart plans comparison site like Energy MatchMaker to make the right decision when selecting an electricity provider.
Is Griddy Energy the right electricity plan for you?
So, is it possible that Griddy Energy can deliver on the savings it promises on its website? The answer is yes, but with careful planning. Griddy energy works well if you’re a conscious energy user. Suppose you have smart technology in your home that allows you to control your appliances, electronic devices, and heating remotely. Griddy might be the right choice for you.
Griddy Energy prices can fluctuate many times in a single day, and at peak times, they can rise way above the state average rates. Some Griddy customers report receiving emails advising them to turn off appliances during these periods, which only really works if you have instant access to electric devices!
Griddy has an app that provides updates and forecasts of wholesale electricity pricing. If you have the interest to keep monitoring the rates and adjusts your lifestyle or electric devices based on its fluctuations, Griddy might be the perfect plan for you.
Tips to save money and avoid the panic with Griddy Energy Price Spikes:
- Set up a smartphone that connects your lights, heating, A/C, and appliances to your mobile device so you can quickly turn devices on and off when the price spikes occur.
- Disconnect appliances like your TV rather than having it plugged in as a 24/7 energy sucker.
- Do a full load of laundry rather than smaller half-loads.
- Turn off the lights when you leave a room. Not only is this good for your pocket, but it’s good for the environment too!
If this sounds like a lot of hassle, perhaps Griddy Energy isn’t for you. If you prefer more predictability, use EnerWisely’s smart comparison tool Energy Matchmaker to find energy providers with fixed rates that offer greater peace of mind.
How Can EnerWisely Help?
EnerWisely uses your actual electricity usage figures for the past 12 months to find the best energy plan for your needs and budget. Unlike other comparison sites that use averages to provide an estimate for your bill, EnerWisely can give accurate quotations in minutes.
How does it work? Enerwisely runs a 100 percent online energy audit that considers your usage patterns, energy efficiency, waste, and environmental impact. Analyzing the digital energy fingerprint generated, EnerWisely finds the cheapest electricity options available. The service is entirely free and only takes a few minutes so that you can unlock additional savings with almost zero effort required!
Use EnerWisely to Find the Best Deal Best On Your Actual Electricity Usage
Before choosing Griddy Energy, use Enerwisely to compare prices from local electricity providers. There’s a lot to gain and not a lot to lose, with users of Enerwiselys free comparison tools slashing hundred off their utility bills without paying an additional cent.
To get started, enter your zip code in the Energy Matchmaker tool, select your savings goal and watch as the discounts start pouring in!
Areas Serviced by Griddy Energy
- AEP Texas Central: including Corpus Christi, McAllen, Harlingen, and Laredo.
- AEP Texas North: covering northern Texas including San Angelo, and Vernon.
- CenterPoint Energy: a large service area covering the Houston metropolitan area
- Oncor Electric Delivery: another large service area that incorporates Dallas, Piano, and Paris.
- Texas-New Mexico Power: this service area provides for residents of Houston, Dallas–Fort Worth, and Midland.
Griddy Energy Company Rating & Customer Complaints
According to the records of the Texas Public Utility Commission and Power to Choose, as of January 10, 2021 Griddy Energy has 3 customer complaints reported within the last six months.
The company rating indicates the ratio of customer complaints a company has received in the past 6 months compared to other companies. The more stars a company has, the lower the complaint ratio.
This link takes you to the official customer complaint statistics for Griddy Energy as reported by Power to Choose, the official website of the Public Utility Commission of Texas
Chart showing trend in customer complaints for Griddy Energy Jul 2020 to Jan 2021 (Source: Texas PUC )
Any product, company, or organization names, marks or logos shown on this page are the property of their respective owners. EnerWisely is an unaffiliated, independent marketplace.
EnerWisely finds the electricity plans with the lowest cost based on your usage patterns
With EnerWisely, you are always in control; that is why it offers multiple ways to shop. However, when it comes to finding the best plan, customization based on your real consumption patterns is the key.
Because you use different appliances during different periods, your electricity consumption changes over time. Once you see your real usage trends, you will understand why using “an average consumption” might lead you to the wrong choices.
Instead, take advantage of EnerWisely Technology now. Use the FREE TOOL Energy MatchMaker and identify the electricity plan with the lowest cost based on your real usage patterns.
The process is 100% done online, so you get results within minutes. Most Texas homes already have smart meters installed by the utility companies; therefore, there is no need or extra cost for new devices.
Yeap, it complies with DataGuard, the standard for energy data privacy. Your savings don`t come at the cost of your privacy. So unlike other services, with us, your data is never sold or shared!
EnerWisely is the best free, smart, and easy way to compare energy rates in Texas.
HERE IS HOW IT WORKS:
1- First of all, signup for FREE to access EnerWisely’s powerful analytics. All you need is your address, meter number, and electricity provider name to securely access your home`s electric meter data.
2- Next, instantly see your real consumption patterns including seasonal changes, days vs. nights, and weekdays vs. weekends.
3- Then, evaluate the compatibility between all the plans in our database and your profile
4- Consequently, cut through the clutter with top recommendations ranked by matching scores based on each plan estimated total cost
5- In conclusion, order confidently to maximize your savings and get extra perks to stay on track.
EnerWisely Keeps Your Data Safe & Private.
EnerWisely uses 128-bit encryption to protect the transmission of your data to our site.
EnerWisely complies with the US Department of Energy DataGuard Privacy Standard.
Also, use EnerWisely and say goodbye to partial savings!
EnerWisely is more than an electricity shopping site. It is the only personalized energy management platform free for consumers in Texas.
Your full savings potential comes from finding the lowest costs electricity plan, and ALSO improving your energy efficiency. Since EnerWisely helps you with both, you finally have a way to stop missing out on savings.
With EnerWisely, you get the only service capable of analyzing your home features to evaluate your energy leaks and show you where and how to save more. Also, EnerWisely can show you the climate impact of your energy use.
In conclusion, when it comes to saving money and protecting the planet, there is no reason to compromise. With EnerWisely, your improvements in Energy Efficiency will always mean bigger money savings and lower emissions.
Griddy Energy Business Contact Information
Griddy’s headquarters in Texas are located in:
11811 North Fwy #546, Houston, TX 77060
Report a Griddy Energy Power Outage
Griddy Energy is a REP and not a TDSP, so you will have to reach out your local area TDU to report a power outage:
- Oncor: 888-313-4747
- AEP: 866-223-8508
- CenterPoint Energy: 800-332-7143
- Texas New Mexico Power (TNMP): 888-866-7456
- Sharyland Utilities: 800-545-4513
Find your right Electricity Plan: Use your Power to Choose Wisely!
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