Viridian Energy Plus 3 Other Electric Suppliers Is Being Sued
Viridian Energy is in big trouble and I smell a lawsuit happening here.
These energy MLM companies are not doing us any favors and what once to be considered an alternative to green energy is taking most of the green from out of your pockets if your not careful.
What the heck is going on with these energy suppliers in the network marketing arena?
Breaking news Viridian Energy along with 3 other electric suppliers are being sued in a class action lawsuit. Â Read more…!
WhoÂ Is Viridian Energy?
Viridian EnergyÂ was founded in 2009, the companyÂ provides a variable electric price to clients in Pennsylvania, Maryland, Connecticut, and New Jersey. Â For distributors involved in Viridian this won’t effect as negatively as it will a regular preferred customer.
Viridian Energy markets by way of a network marketing business model and paying it’s sales representatives a commission for their referrals. With that being said let’s see why all of a sudden this company is being sued because honestly this doesn’t look good in the market.
Apparently they got an event coming up and with this lawsuit it doesn’t look good at all.
Viridian EnergyÂ Accused of Over Charges
It’s that time of year where as it gets colder so does your bank account with paying high prices for electricity and gas bills. Unfortunately today’s story we are seeing that 4 electric suppliers are being held responsible in a class action lawsuit that was filed by Attorney, Izard Nobel. Â The lawsuit is for various overage charges for variable rates that were not disclosed to customers as they were switching their electric and gas accounts. Apparently the rates go up and down with the wholesale prices of electricity. Â The four electric supplying companies are Viridian Energy, North American Power and Gas, Direct Energy Services and Discount Power. Among these companies involved Fox CT News reached out to these four companies for a comment on the case and only North American Power and Gas has come forward with a public statement in its defense and has this comment to say:
The lawsuit is absolutely without merit and the company provides written notices to customers when their fixed rates are becoming variable rates.
According to Attorney, Izard Nobel Â he stated :
What you often get is a ‘teaser rate,’ it will last for three, four, fiver months, and then when that teaser rate expires, it automatically shifts to a variable rate and that’s when people are seeing the big price jumps.”
Even though customers are free to chose who they want as their electrical suppliers most of these companies just make promises of low rates and savings but it just doesn’t look good to not disclose this information at the time of signing businesses or consumers up.
Post your comments below we love to hear your thoughts on the issue of these companies including Viridian being sued for overcharges.
See you on the next post!
Anastacia Hauldridge & Rich Guzman
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