Verde Energy Rates
Allegations: Falsely representing that it offers variable energy rates based on market conditions when the energy company routinely charges almost four times the market rate
Verde Energy
August 2021: The Court granted preliminary approval of a settlement agreement. Go to https://www.variablerateenergysettlement.com/ for more information.
March 2018: A class-action lawsuit was filed against Verde Energy USA for allegedly luring customers to switch energy suppliers by falsely promising low teaser rates followed by variable rates that are based on market conditions when, according to the complaint, the variable rate is not based on market conditions and is inflated. (Mercado et al v. Verde Energy USA, Inc., Case No. 18-cv-2068, N.D. Ill.)
For more information about other class-action lawsuits filed against energy suppliers and TINA.org’s coverage of them, click here.
Class-Action Tracker
Verde Energy Prices
Allegations: Misleadingly offering “low cost” and “competitive” rates when the variable rates charged by the electricity supplier after the initial teaser rate expires are not tied to the market price…
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