- Report: #1061195
Report - Rebuttal - Arbitrate
Complaint Review: Viridian Energy
Viridian Energy1055 Washington Blvd. Internet USA
Viridian Energy Intro Teaser Electric Rate That Jumps up to 50% more ! Internet
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Viridian Third party electric supplies is not the cheapest way to go in the long run!
Using teaser rates in the beginning and then much higher rates afterwards.
In today’s world when many people pay their utility bills electronically very seldom do they look at the monthly statements, read the fine print.
Real Life example:-
Average home uses 750 kWh/month at the Ct. CL&P Utility’s current standard rate of $0.07615 = $57.11/month (Note this does not include delivery service charges)
A six month fixed locked in rate might come in around $0.072/kWh using 750 kWh = $54.000
A saving s of $3.11 per month which results to a total $18.66 savings for the total six months.
Now let’s read the fine print “Six months fixed price. Cancellation fee. Rolls over to variable rate without notice”
Well what are these variable rate, right now many of them are running between $0.0899 to $0.1299 with some higher and some lower. I am going to use the variable rate that my local 3rd party provider is currently using which is at $0.1199/kWh.
Using the same amount of electricity of 750kWh per month the new bill will be $89.93 which is a $35.93 increase per month from my lock in rate wiping out the $18.66 saving that I accrued over the past 6 months. But on top of this it is $32.82 per month higher than my original utility supplier’s bill which results in you paying 57% more for electricity.
So read the fine print because these companies are raking in hundreds of millions of dollar per year.
Just go to http://energizect.com/compare-energy-suppliers/compare-supplier-options to see the proof of these rates.
This report was posted on Ripoff Report on 06/22/2013 05:46 AM and is a permanent record located here: http://www.ripoffreport.com/r/Viridian-Energy/internet/Viridian-Energy-Intro-Teaser-Electric-Rate-That-Jumps-up-to-50-more-Internet-1061195. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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