Friday, September 5, 2014

Of Interest

Earlier this week, an article in the National Law Journal reported that a class action lawsuit has been filed in Maryland against Viridian Energy LLC, the company that supplies wind power energy to the City of Hudson: "Viridian Energy Sued Over Sales Model." 

According to the article, the lawsuit alleges that Viridian "uses a 'bait-and-switch' sales model to lure [consumers] to sign up for the company's purportedly cheaper electricity service that over time actually costs the households more." It goes on to say that Viridian allegedly "persuades consumers to switch electric companies with a hard-sell that offers a low introductory rate, and implies that subsequent competitive market-based rates will result in significant savings on electric bills."   

Last summer, the City of Hudson switched to Viridian and became the first municipality in New York to purchase all its electricity from wind power sources. At the end of February, Mayor William Hallenbeck announced that, in the first five months of buying energy from Viridian, the City had saved $26,030 and was on track to save $62,472 in the first year--50 percent more than the originally projected annual saving of $41,000.

1 comment:

  1. My understanding is that the savings touted by the Mayor have not materialized. In fact we are paying higher rates than National Grid's regular rates. Is anyone surprised?