Ambit Energy “Guaranteed Savings Plan” Class Action: A groundbreaking lawsuit to recover on behalf of energy customers who were gouged after switching from their local utility to Ambit Energy.
Seizing on the nation’s push to deregulate retail energy markets and provide consumers with alternatives to utilities like Consolidated Edison (“Con Ed”) in New York and PSE&G in New Jersey, independent energy companies like Defendant Ambit Energy have grown rapidly. As one of the nation’s largest independent energy providers, Defendant Ambit Energy now serves over 1 million gas and electric customers, 94% of whom are residential customers. While claiming on its website that customers “are choosing Ambit Energy as the best choice in energy today,” the fast-growing venture neglects to mention that it delays the refund checks it owes to its customers and automatically switches its customers into higher costing energy service plans. Further, Ambit's "Guaranteed Savings Plan" provides no guarantee at all, as the energy company falsely inflates the amount a consumer would have paid their existing utility.
Only through a class action can the Company’s customers remedy Ambit’s ongoing wrongdoing. Because the monetary damages owed each customer by the Company are small compared to the much higher cost a single customer would incur in trying to challenge Ambit’s unlawful practices, it makes no financial sense for an individual customer to bring his or her own lawsuit. Further, many customers don’t even realize they are victims of Ambit’s deceptive conduct. With this class action, Wittels Law and its clients seek to level the playing field and make sure that companies like Ambit engage in fair and upright business practices.
For more information, or to join this case, contact us.