Vzbv is suing ExtraEnergie: price increases of over 100 percent - so those affected can register and benefit

Vzbv is suing ExtraEnergie: price increases of over 100 percent - so those affected can register and benefit

According to a report by www.verbraucherzentrale.de, the Federal Association of Consumer Organizations (vzbv) has sued the provider ExtraEnergie because it massively increased prices for electricity and gas customers in July 2022. Even contracts with price guarantees were affected. The price increase affected brands such as ExtraEnergie, Extragrün, HitEnergie and Prioenergie. The vzbv considers this to be inadmissible and is therefore filing a class action lawsuit to obtain repayments for the affected customers.

ExtraEnergie's price increases have a significant impact on consumers and the market. Many customers who concluded contracts with ExtraEnergie based on a previous price guarantee were confronted with massive price increases. This means consumers may now have to bear higher energy costs that are not covered by their original contract terms. This can lead to financial burdens for consumers and undermine trust in energy providers and energy market regulation.

The vzbv class action lawsuit also has an impact on the market. If the lawsuit is successful, the refunds to the affected customers could put a significant strain on ExtraEnergie's financial situation. This could result in the provider having to rethink its pricing and contract terms to avoid future lawsuits. Additionally, the class action lawsuit sends a signal to other energy providers that unreasonable price increases and contract terms may have consequences.

Interested consumers have the opportunity to join the class action lawsuit by entering the lawsuit register at the Federal Office of Justice. This prevents your claims from becoming statute-barred. The class action lawsuit offers the advantage that, if the proceedings are successful, consumers can receive compensation or refunds directly without having to assert their claims themselves. This creates an effective way for consumers to take action against unfair practices by energy providers.