Consumer groups unite to call for reform of ERCOT buyback agreements with large power customers

Consumer groups decry ERCOT's buyback deals with large power firms like Riot Platforms, which earned $32M amid Texas' summer power crunch, urging reform.

Consumer rights groups demand policy reform as major Texas electric customer profits from power cutbacksConsumer groups are demanding ERCOT reform policies that govern transactions with large power customers.

This follows the revelation that Riot Platforms, the state's largest crypto mining operation, garnered nearly $32 million through electricity buyback agreements this summer while individual Texans were urged to save energy amidst a power shortage.

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