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 Rates
August 2021: The Court granted preliminary approval of a settlement agreement. Go to https://www.variablerateenergysettlement.com/ for more information.
January 2018: A class-action lawsuit was filed alleging that Verde Energy falsely represents that it offers variable energy rates based on market conditions when, according to plaintiffs, the energy company routinely charges almost four times the market rate. (Marshall et al v. Verde Energy USA, Inc., Case No. 18-cv-1344, D.N.J.)
For more of TINA.org’s coverage of other class-action lawsuits filed against energy suppliers, 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…
Verde Energy USA
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