Get Ambit Energy Earn Free Energy 2010-2025

Ambit Energy has agreed to pay $26.5 million to settle a class action lawsuit alleging the company overcharged New York customers for gas and electricity by rolling them off a Guaranteed Savings Plan onto Ambit's New York Select Variable Plan without proper authorization.

Ambit Energy Holdings, LLC et al. (New York): A class-action lawsuit was filed against Ambit, accusing the company of misleadingly offering customers a “1% Savings Guarantee,” when, in reality, the company overstates what other providers would have charged and does not honor its promise.

Ambit Energy has agreed to pay $26.5 million to settle a class action lawsuit alleging the company overcharged New York customers for gas and electricity by rolling them off a Guaranteed Savings Plan onto Ambit's New York Select Variable Plan without proper authorization.

Ambit Energy IndustryMulti-level marketing, energy Key people Jere Thompson Jr. (Co-Founder & CEO) Chris Chambless (Co-Founder & CMO) John Burke (CIO) Laurie Rodriguez (CFO) Revenue US$1 billion (2013) Number of employees 625 (2014) Parent Vistra Corp7 more rows

Although Ambit Energy has an A+ rating with the Better Business Bureau, as of the date of writing in March 2023, it only has 1.23/5 stars based on 98 Ambit Energy reviews. The main complaint that customers had was that their electricity bill was unexpectedly high after switching to Ambit.

Why Is My Ambit Energy Bill So High? The monthly bill you receive from Ambit Energy will depend on your energy usage and local energy rates. The more power you use, the higher you can expect your bill to be. There are, however, many things you can do to get a lower energy bill.

Free & Clear Nights With Ambit Energy's Free & Clear Plan™, you're free to take control of your electricity budget and help our environment. Because with free nights, you can put off activities that use energy until the evening, when they won't cost you a cent.

Ambit Energy Holdings, LLC et al. (New York): A class-action lawsuit was filed against Ambit, accusing the company of misleadingly offering customers a “1% Savings Guarantee,” when, in reality, the company overstates what other providers would have charged and does not honor its promise.