Lawsuit against Extraenergie GmbH: Financial expert criticizes unjustified price increase

How www.energie-und-management.de reports, the Federal Association of Consumer Organizations (VZBV) has filed a lawsuit against Extraenergie GmbH because the company is said to have raised prices without justification.

Summary of the article:

The Federal Association of Consumer Organizations (VZBV) has filed a class action lawsuit against the energy provider “ExtraEnergie GmbH” before the Hamm Higher Regional Court. The consumer organization considers the July 2022 price increase for electricity and natural gas to be inadmissible. The goal is to obtain direct repayments to affected customers.

Effects of the lawsuit:

VZBV's lawsuit against Extraenergie could potentially result in the company being forced to pay back the increased prices. This could have a significant financial impact on Extraenergy and also impact consumer trust in the company.

If the lawsuit is successful, it could also have an impact on the entire energy market, as other energy providers could become more cautious about raising prices to avoid similar legal action. Consumers could also become more sensitive to price increases and contractual conditions from energy providers.