Energy Savings Company Class Action

Did you sign up to get your utilities or energy provided by an energy savings company? If so, you may be eligible for a refund of your money in a class action lawsuit. Call 424-245-5505 or fill out the form below to contact us. More information is below.

Investigations are Ongoing

Our attorneys are investigating whether these energy company complaints are true and that they charged customers more than they promised they would. Many energy companies advertised that they could save consumers money on their utility bills compared to their standard utility provider. They also advertised that by charging a variable rate tied to the market rate, they would save you money. But many consumers have complained that energy companies raised consumers’ prices when the market rate went up, but did not drop consumers’ prices when the market rate went down. As a result, our attorneys are investigating whether certain energy companies overcharged their customers.

Energy Rates and Deregulation

Energy deregulation is the reason that you can shop for an energy provider and make a choice who will sell it to you. It gives you the power to change your electricity or gas  company and so it affects how much you will pay for your bottom line utility expenses.

Many years ago, states started to deregulate the energy providers to provide energy and possibly lower rates to the public, or end users.  While large conglomerate energy companies used to control most large energy markets, as well as some governmental entities, that all changed with deregulation.  So now end users of gas and electricity can buy energy from companies who are middle companies, between the end user and the energy producers.

This frequently allows the middle companies, or brokers, like Viridian, to earn a lot of money at the end users cost.

Several states have become deregulated markets over the last 20 years, largely in the Northeast, Mid-Atlantic, and Texas. Other states, such as California, are partially deregulated or have had deregulation suspended.

Deregulated markets have what are called grid operators that control wholesale markets to make sure there are reliable sources of energy and prevent blackouts. Multiple retail suppliers (or load serving entities, known as LSEs) buy generation and sell electricity to end-users.

You may be eligible for a refund of your money in a class action lawsuit. Call 424-245-5505 or fill out the form below to contact us.  A national class action law firm is taking cases for investigation now.  Don’t delay in contacting us.

________________________

Attorney advertising