October 18, 2018- Action News in Philadelphia recently reported on the third party energy supplier market. Nydia Han, Action News’ consumer reporter, advised consumers to steer clear of the ongoing “scam” that is embedded in today’s deregulated energy market.
Deregulated energy market Could be costing more than you think
As Reporter Han states, “you could be overpaying for a utility right now and not even realize it.” Energy Service Companies (ESCOs), also referred to as Alternative Retail Electric Suppliers or Electric Generation Suppliers, are the forces driving our energy market today. Consumers have come forth and shared their experiences with third party suppliers; however, it wasn’t until months, or even years later, that they realized just how much they were paying and to who.
Sandi Kushner, who was a customer of Spark Energy, explained how she was paying $1.17 for several years compared to her local utility’s rate, which was $0.34. When she failed to renew her fixed rate plan with Spark Energy, she was placed on a variable rate plan that resorted in her paying more for her energy than she would have liked.
Reporter Han advises consumers to mark your calendar when your fixed rate term is up so that you can either renew your fixed rate plan or check to see if there’s an even lower rate available. It’s no secret that you do have to be careful when choosing a third party supplier, especially when that third party supplier is offering a rate that is just too good to be true.
Read the full article here.
If you believe you are being overcharged by your energy supplier, please contact us. Kohn, Swift & Graf has successfully litigated several cases against these Energy Service Companies nationwide. Last month we received final approval of our class action settlement against Stream Energy. The class action lawsuit was brought on behalf of all persons in the Commonwealth of Pennsylvania who purchased electricity from Stream on a variable rate electricity plan dwuring the defined class period. View additional details here.
On August 17, 2018 U.S. District Judge Eduardo C. Robreno granted his final approval in our class action settlement against Ambit Energy on behalf of all Pennsylvania residents who were enrolled as a customer of Ambit and were on Ambit’s select variable rate plan at any time during the defined class period. View the case here.
To read more about our class action settlements, visit our settlement page. To learn more about Energy Service Companies and what our consumer protection lawyers can do for you, view our (ESCO) Class Actions page.