Rhythm Energy Given Entrust Energy Customers

• Entrust Energy
  • POLR event initiates, customers switched to a Houston Texas electric company named, Rhythm Energy during price volatility, fixed rates not honored. New high priced energy agreement.

What does the POLR event mean for Entrust Energy customers?

Answer: You have been given to Rhythm Energy to continue to provide your account electric service.

Your electric rate is very high right now because in Texas wholesale electricity prices skyrocketed causing Entrust Energy not to be able to pay ERCOT.

If you move to a new electric company from your POLr electric provider which is Rhythm Energy your rate on other companies will also be very high.

The Texas wholesale electricity market traded over $55 billion in a week period at the time of winter storm Uri of 2021. These trades would have normally occurred over a period of 4 years in normal conditions.

Large companies like Brazos Electric Cooperative and others have been sued or are suing ERCOT and sometimes both.

Entrust Energy and a few other electric companies owe several billion dollars to ERCOT. Many of these energy companies like Entrust have filed for bankruptcy but are also looking closely at lawsuits against ERCOT to see if they have any recourse.

Because ERCOT is a Texas government entity they may be immune to a lawsuit unless the lawsuit is approved by the Texas government.