Have Your Agera Energy Rates Been Unfairly Hiked?

Energy deregulation is spreading to more states across the U.S., but consumers are complaining that this has actually led to substantial price hikes from a number of companies. Agera Energy rates may reportedly be part of this growing trend to raise energy prices.

Companies in deregulated states may promise customers prices lower than the cost of traditional utilities. However, customers reportedly end up with a dramatically overcharged electricity bill.

Energy Deregulation Basics

More and more states are switching to a new approach to their energy markets known as energy deregulation. So far, sixteen individual states, including Illinois, New York, Oregon, and Texas, have deregulated gas and electricity energy markets over the last few decades.

This approach has allowed Energy Service Companies (ESCOs) to sell both gas and electricity in a more direct fashion to customers, which is advertised to customers as the cheaper way to go. Indeed, these retail utility companies allegedly offer customers what they say are competitive fixed rates.

However, customers are now coming forward and reporting that the plans they were promised are switched months or years later with a variable, fluctuating rate, which can lead to incredible spikes in cost, despite the promises made to them by their energy service company.

Where traditional utility companies had to justify increases to their rates to both regulators and the public prior to making such changes, these energy companies in deregulated states can simply instigate the changes with no oversight.

A number of watchdog groups have looked into these alleged energy deregulation overcharges. These groups have advised consumers not to buy services directly from energy marketing companies until there is better oversight in place to protect customers from unfair pricing.

“Until the energy service companies are fully regulated and consumer protections are reformed, we are advocating for customers not to take service from them,” said director of the Public Utility Law Project, Richard Berkley.

For instance, New Yorkers were overcharged by around $820 million in a period of 30 months starting from February 2014, according to energy watchdog groups. On an individual level, the average customer paid around 22 percent more through their energy service company than they would have by way of traditional utilities.

Filing an Overcharged Electricity Bill Lawsuit

Some customers have begun filing overcharged electricity bill class action lawsuits, alleging that the costs of their energy services went up drastically despite being promised by their energy retailer that the costs would actually stay down.

Customers claim that these price hikes can be extreme. One customer filed a class action lawsuit in 2015 against Stream Energy, alleging that the plaintiff’s electric bill shot up by over 50 percent when he switched to Stream, despite promises to the contrary.

If you have been hit with unfair Agera Energy rates or price hikes from another energy retailer in a deregulated state like New York, you may be able to join a class action lawsuit. Filing an Agera Energy rates lawsuit can help compensate you for these overcharged bills.

Join a Free Energy Deregulation Class Action Lawsuit Investigation

If you buy your electricity and gas through an energy retailer in a state where energy was deregulated and your energy costs went up, you may qualify to file an energy deregulation overcharge lawsuit or class action lawsuit.

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