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 USA
May 2015: This action was voluntarily dismissed When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled., the reasons for which have not been disclosed.
March 2015: A class-action lawsuit was filed against Verde Energy USA, Inc. for allegedly deceptively inducing consumers to switch their electricity supplier. Specifically, plaintiffs claim that the company offers low initial rates for electricity (i.e., a “teaser rate”) and “variable rates” that are tied to the market rate when, in reality, the company routinely charges consumers almost four times the market rate after the “teaser rate” expires. (Roberts et al v. Verde Energy USA, Inc., Case No. 15-cv-00312, D. CT.).
For more information about other class-action lawsuits filed against energy suppliers and TINA.org’s coverage of the topic, 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 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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