Viridian Energy Class Action: Founded in 2009, Viridian markets itself as providing green energy at prices lower than conventional “brown” energy. Similar to its promise of green energy that is less expensive than conventional energy, Viridian also tells consumers that it offers “clean energy choices at competitive prices” and “competitive rates.”
The truth is, however, that Viridian’s energy prices are not lower than the price of conventional energy nor are its rates competitive. Rather, Viridian charges much more than sellers of conventional energy, and its rates go up even when the market rate goes down.
To make matters worse, Viridian combines its deceptive marketing with another stratagem designed to trap unwary consumers. Echoing the adjustable rate mortgages that led to the foreclosure crisis, Viridian initially sells its energy to consumers via short-term “teaser” fixed-rate plans that typically expire within six months. After these short term fixed-rate plans lapse, Viridian then automatically rolls unsuspecting customers into a month-to-month variable rate plan with exorbitant energy rates that are neither competitive nor lower than the rates charged by sellers of conventional energy.
Only through a class action can the Company’s customers remedy Viridian’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 Viridian’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 Viridian’s deceptive conduct. With this class action, Wittels Law and its clients seek to level the playing field and make sure that companies like Viridian engage in fair and upright business practices.
For more information, or to join this case, contact us.