Griddy

Prices are ALWAYS based on the market! That’s why it is call Locational Market Price! I’m sure you are doing your best to hang on - your credit margin calls have to killing you. Your product is based on an illusion that the market always acts the same.

2/ Look at what happened in PJM in 2014! Look at Glacial Energy, which had a similar product (probably worse). Glacial sold a fixed price and didn’t hedge because, like you, they believed ERCOT would just chug along without market volatility.

If you want to tweet, tweet facts. The 9$/kWh was not the result of market volatility but rather a PUCT decision. If you check supply demand data you’ll note that for most of the time supply outstripped demand. PUCT probably decided to incentivize producers.

Do you have any members left?

I got a call from Griddy to switch and I did. I’ll be looking forward to their née plan in March. It is supposed to limit spikes, but we’ll see when it is announced.

Griddy isn’t price gouging. They have to pay the same $9k/MW to their power generation providers (ie mostly a pass through cost). It’s the power generators that were online selling into Ercot that made a TON of money this prior week. A TON.