Verde Energy
Allegations: Falsely promising low teaser rates followed by variable rates that are based on market conditions when the variable rate is not based on market conditions and is inflated
Verde Energy Prices
August 2021: The Court granted preliminary approval of a settlement agreement. Go to https://www.variablerateenergysettlement.com/ for more information.
April 2019: A class-action lawsuit was filed against the electricity supplier Verde Energy for allegedly misleadingly offering “low cost” and “competitive” rates when, according to plaintiffs, the variable rates charged by the electricity supplier after the initial teaser rate expires are not tied to the market price and it routinely charges up to three times the market price. (Davis et al v. Verde Energy USA, Inc., Case No. 19-cv-10741, D. Mass.)
For more information about other class-action lawsuits filed against Verde and TINA.org’s coverage of the company, click here.
Class-Action Tracker
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 USA
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