after reading a bit further, it appears they used some scam company for energy instead of someone legit like TXU which has fixed rate plans.
This has nothing to do with Texas, and more to do with a customer being scammed by a crooked company.
Media is really going after Texas now. The Libs are on overtime.
This has nothing to do with Texas, and more to do with a customer being scammed by a crooked company...
It wasn't a scam. It was a result of deregulation. People could sign up with Griddy and pay a monthly connection fee plus wholesale rates for electricity. Most people saved money in normal times.
BUT, when wholesale prices went through the roof the people who signed up got hit with the very high wholesale prices. No scam, just an unintended consequence of trying to be very frugal.
dont live in Texas but I have a story. Every year I get individuals that go door to door trying to get people to buy there power from another company. they advertise cheaper bills at the end of the month becouse of how the billing is structured but if you read the fine print you discover they can raise the price when ever they want and the more power that is used the more expensive the cost of the wattage. I never bit and never will bite.
Poor choice, rates are always much higher than other fixed rate plans.