January 3, 2021 by Brian Priest Welcome to my Griddy Pro Review. Did this Texas Energy reseller actually create a legit MLM? Or did they just turn the whole company into one big scam? Well that’s what we are going to find out in the Griddy Energy Review. 😉
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Hello everyone and welcome to my Griddy Pro Review. Griddy has been around for quite a while. But have recently added a MLM branch to the company, and that has got some people talking. So I decided to dig into this New MLM adventure that the Griddy Energy Company has brought to the arena. And see what all the chatter is about in this Griddy Energy Review.
As a matter of fact you may have been approached b someone about their service or business opportunity. And you came here to find out if it is legit. so we are going to go through the company, the products/services, as well as the compensation plan. Then you will able to make an educated decision about your future with the Griddy Energy Company.
So stay with me until the end. And remember to pay close attention as we go through this Griddy Pro Review.
Hey though before we start…
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Now let’s get started and see what we can dig up in our Griddy Pro review.
What Is Griddy Pro?
Griddy Pro is the recently added MLM marketing portion of the Texas company that’s is an energy reseller. But The Griddy Energy Company has been around for years. And it was just in September of 2020 that they launched their MLM leg of the company.
So Now not only can Griddy Customers save money on their energy bills, but they can earn an income by promoting the company and helping others save money on their utility bills as well.
Ok let’s keep moving along in our Griddy Energy Review.
Griddy Pro Review – (The Company)
Griddy Company Founders
The Griddy Energy Company was co-founded by Nicholas Bain and Gregory Craig.
In addition to currently being Chairman of the board at the Griddy Energy company.
“Mr. Nicholas Bain has been championing the investment and growth of renewable energy for more than 15 years. He previously established Allco Wind Energy, oversaw the largest wind farm development project in the United States, and was the CEO of Graphite Energy prior to co-founding Griddy.”
And His Partner and co-founder Gregory Craig is also a board member of the Griddy Energy company. And his bio reads: “Mr. Craig has been a pioneer in the US energy industry for nearly 25 years.
After launching Cook Inlet, one of the largest wholesale energy traders in North America, Craig went on to lead Commerce Energy as chairman and CEO before co-founding Griddy.”
And the co-founder’s biography it is stated:
“Mr. Bain has been championing the investment and growth of renewable energy for more than 15 years.”
“He previously established Allco Wind Energy, oversaw the largest wind farm development project in the United States, and was the CEO of Graphite Energy prior to co-founding Griddy.”
“Mr. Craig has been a pioneer in the US energy industry for nearly 25 years.”
“After launching Cook Inlet, one of the largest wholesale energy traders in North America, Craig went on to lead Commerce Energy as chairman and CEO before co-founding Griddy.”
“Earlier this month, they decided to branch out and Griddy Pro was born was new appointed leaders.”
“Griddy’s new leaders, CEO Michael Fallquist, COO Christian McArthur and CFO Roop Bhullar, previously led Connecticut-based Crius Energy, which was sold last year for $400 million to Vistra, Irving-based owner of the TXU Energy brand.”
“Former Griddy CEO Greg Craig will remain on the Griddy board.”
And just a note here: Crius Energy was a strategic partner of Viridian Energy. Which was an MLM company as well.
Griddy Energy CEO – Griddy Energy Review
In addition to the Co-founders being listed on the griddy.com company website. They also list the CEO among several other leadership team members.
The company CEO is Michael Fallquist. Who by the way founded both Viridian Energy and Crius Energy.
And here is the paragraph taken from the griddy.com website describing their CEO.
“With more than 14 years of executive experience within Retail Electricity, and having been named an Ernst & Young Entrepreneur of the Year®, Mr. Fallquist is a highly successful entrepreneur and energy industry expert. Mr. Fallquist’s unique combination of industry know-how and pioneering spirit led to a successful decade as CEO of Viridian Energy and Crius Energy, and that experience drives his passion and vision for the future of Griddy.”
Now in 2017 Viridian Energy decided to discontinue the network marketing from their company business model. Which of course caught all the company’s distributors off guard. However they were given a four month advance notice. And after 3 months from that initial announcement Viridian settled a deceptive marketing and sales tactics complaint with Massachusetts for $5 million.
Viridian Energy still appears to be in business and is running today. However traffic stats from Alexa Rank show that it is very low.
In addition to that Crius Energy was struggling as well and cut 270 jobs in the same year that Viridian settled with Massachusetts. And then it was sold to Vistra in 2019 for $436 million.
Even though there was a $5 million fine, try to keep in mind that it wasn’t the actual MLM company that caused it.
It was the rough distributors that really pushed the envelope. But it was the company that paid the price.
Now that we have that covered. Let’s take a look at the Griddy Company’s products and services in our Griddy Energy Review.
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Griddy Pro Review – (The Products)
Griddy Pro Affiliates promote and participate in the company’s “wholesale electricity” program. In which members get super rates on their electricity. In their promotions the Griddy Energy Company States:
“Get access to wholesale electricity for $9.99 a month. Pay exactly what we pay”.
And this is how the program works. As a customer you prepay for electricity. Which is then billed based on the “currency real-time rate”. In addition to that Griddy Pro claims their members only pay an average of 8.5 cents per KWH rate. Which by the way is an annual average savings of $596 per year.
However at the present time this service is only available in the state of Texas. But rumors have that the Griddy Energy company is looking into nationwide options. So as of right now though affiliates are only able to promote to potential customers in Texas.
Alright let’s keep moving along in our Griddy Pro Review and look into the compensation plan.
Griddy Pro Review – (The Comensation Plan)
One of the thing that makes an awesome MLM is when the company has a good focus on the marketing of the products or services that they render. And when they encourage and reward affiliates who not only rise to the challenge. But who bring results that show for it. And the Griddy Pro compensation does an amazing job when it comes to giving affiliates retail incentives.
One of the ways that customers and affiliates are rewarded is for signing up new energy customers. And when an referral does sign up a new customer, Griddy Pro pays customers $25 for each referral that results in that referral becoming a new customer. In addition to that, the $25 referral commission can be credited to the as $75 if they use towards purchasing things from Griddy.
However customers Do Not participate in the MLM part of the company. You must sign up as an affiliate to take advantage of the MLM.
Griddy Pro Referral Commissions
In addition to paying regular customers for referring others to Griddy Pro. The company also pays its affiliates a $25 bonus for every customer they bring in to the Griddy Energy company.
And according to the company: “Customer Referral Rewards are paid 30 to 45 days after new customer’s enrollment is accepted by the utility.“
However you can not earn a bonus on a customer that has been a customer within the past 12 months.
Ok let’s keep moving in our Griddy Energy Review.
Residual Customer Referral Commissions
Griddy Pro affiliates also receive a residual monthly commission on signed customers:
- Affiliates receive a $2 commission that is paid per active residential customer
- In addition to that $1 per 1000 KWH of usage is paid per active commercial customer
The Griddy Pro multi-tier compensation plan is based on shares and bonus pools. And there are four pools which are funded by customers in the referral network.
Below are all the pools that are funded:
- Team Bonus Pool
- Leader Bonus Pool
- Higher Performer Bonus Pool
- Monthly Promotional Bonus Pool
The Griddy Pro Company uses a unilevel compensation plan structure to determine these bonuses.
And just so that we are clear on the issue. Energy customers in the unilevel team can be both customers and affiliates.
- Team Bonus Pool qualification requires ten customers across the first three unilevel team levels, with no more than 40% counted from any one unilevel team leg
- Leader Bonus Pool qualification requires one hundred customers across the first ten unilevel team levels, with no more than 40% counted from any one unilevel team leg
- Higher Performer Bonus Pool qualification requires ten thousand customers across the entire unilevel team, with no more than 40% counted from any one unilevel team leg
- Monthly Promotional Bonus Pool qualification no disclosed.
And as a an undisclosed bonus affiliates can earn in multiple pools at the same time
So now that we have that covered let’s find out what it cost’s to join the Griddy Pro Company inside of our Griddy Pro Review.
Griddy Pro Review – The Cost To Join)
If you want to Join the Griddy Pro Team and start saving money on your electic bill And start taking advantage of being a Griddy Pro affiliate. Then the monthly membership fee will cost you $14.99 a month.
So now comes the part you’ve been waiting for. And unlike a lot of all the other Griddy Pro reviews out there I am going to be straight with you. So stay with me just a few more minutes and remember to pay close attention. Because here are
My Final Thoughts!
So is there some kind of scam going on behind the scenes at the Griddy Energy Company.
Well after looking at all the research, the company history, as well as their amazing leadership.
I would have to say that the Griddy Pro MLM is definitely Not A Scam!
As a matter of fact i’d say they are the exact opposite. And the Griddy Pro Energy company is actually a good MLM company that focuses mostly on retail services.
With that in mind there are a couple of things to keep your eyes on. For instance the Griddy Energy company isn’t offering a straight forward set and forget monthly bill. So in that case you will need to pay attention to the variable rates through the app that the company provides.
I know that’s not going to be a big stretch for everyone. Since there are a lot of people that do this anyway.
On The Griddy energy website it is stated that they have helped 28,000 customers save $14.7 million as of November 2020.
When it comes to the energy sector, I know things can get complicated. And so i can understand that why as of right now that Griddy Pro is only in Texas. Because Rates are going to be different state to state.
However if you are in the Texas area this is a great opportunity. And if Network Marketing is up your lane. Then you should give Griddy Pro a Shot.
That’s it for this one, Thanks for stopping by. And I hope you enjoyed my Griddy Energy Review. If you have any questions or comments, please feel free to comments section below. And I will get back to as soon as I am able.
And again thank you for reading my Griddy Pro Review
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