Right — you might remember during the big freeze in Texas (February last year), a lot of people were ridiculed for using Griddy, whose very premise was “hey don

Right — you might remember during the big freeze in Texas (February last year), a lot of people were ridiculed for using Griddy, whose very premise was “hey don’t pay those inflated utility prices, just pay the usually-cheaper spot price for your energy!” The utility price is higher because the result of longer-term price-locking contracts. The spot price can spike pretty hard, wiping out your gains, as those customers learned then. (Sorry, I don’t know the standard jargon for some of those concepts.)