[shiftpgdn]

I think a lot of your confusion stems from the media basically smearing Griddy for "charging customer outrageous rates" when the reality was that Griddy allowed customers to buy directly from the producers at the spot rate (which was based upon demand) which was then announced to all system users by the states energy management system. The price spike was due to demand overload and critical infrastructure going offline.

I LOVED Griddy. It was an amazing product that gave users the power to dictate the terms of their energy consumption based upon grid load. When energy usage was high and they needed to fire up natural gas or diesel plants to meet demand my price would change above the 10c/kwh threshold and my energy usage would fall off as my smart home would automatically shut off lights, adjust the a/c or heater, etc. Further, I was able to take advantage of excess wind energy at night by running my dishes, washing my clothes and charging my car on scheduled off peak times.