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Griddy Barred From Texas Power Market for Payment Breach

Texas Struggles With Unprecedented Cold And Power Outages

Photographer: Justin Sullivan/Getty Images 

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Griddy Energy LLC , a Texas retail electricity provider that came under fire after its customers received exorbitant power bills during the energy crisis last week, was barred from participating in the state’s power market Friday.

The Electric Reliability Council of Texas revoked Griddy’s rights to conduct activity in the state’s electricity market due to nonpayment, according to a market notice seen by Bloomberg.