Robin Hood Energy was the 'pet project' Nottingham Labour but has resulted in Nottingham City Council teetering on the verge of bankruptcy and an inept leadership's true colours revealed. Robin Hood Energy claim to be different from other energy companies on the market for three reasons. All electricity is 100% green. The supplier, owned by Nottingham … It was set up by the council in September 2015 in order to reduce fuel poverty by operating without frills and having no executives or shareholders to pay bonuses to, thus being able to pass on savings directly to its customers. Ebico Energy is a brand operated under licence by Robin Hood Energy Limited, registered in England and Wales. Role Resigned Director Date of birth … In response, the Council launched the first council-owned energy firm, Robin Hood Energy, in late 2015, the first such company since the UK market was nationalised in 1948 and later privatised. Steve Battlemuch, a Labour councillor at Nottingham City Council, says: “Although the very best tariffs go to Nottingham city residents, you can sign up to Robin Hood Energy … Robin Hood Energy was a not-for-profit energy company launched in September 2015 by Nottingham City Council as a competitor to the "big six" energy suppliers in the United Kingdom. Robin Hood Energy has 130,000 customers and is a not-for-profit energy company, owned entirely by Nottingham City Council. Registered Office: Loxley House, Station Street, Nottingham, NG2 3NG. Robin Hood Energy later paid, after Nottingham City Council lent it the money. Auditors Grant Thornton calculated the council had invested a total of £43m into the company and risked £16.5m in guarantees. Robin Hood Energy is a not-for-profit energy provider owned and operated by Nottingham City Council. The 250 employees of the company belonging to the council were informed on Thursday, September 3 that they were made redundant. The Robin Hood Energy (RHE) customer base has been sold to Centrica – owned by British Gas, one of the ‘big six’, and administrators Deloitte is now in charge of the firm. Nottingham city council’s failed energy supplier, Robin Hood Energy, has agreed to sell thousands of customer accounts to British Gas, and will make hundreds of … Nottingham Council owned energy supplier Robin Hood has posted a £23.1m loss for 2018/19. Robin Hood Energy (RHE) is shutting with the loss of 230 jobs despite millions poured into it by Nottingham City Council. Council-backed energy supplier Robin Hood Energy has appointed Deloitte to advise the company as part of a strategic review, Utility Week can reveal. Key information about Robin Hood Energy. It was set up to tackle fuel poverty and focuses on those customers with prepayment meters , a market which is often made up of … Robin Hood Energy are the UK’s first publicly owned not-for-profit energy company, based right here in Nottingham. The Report in the Public Interest is published by the External Auditor. After a long and competitive tender process, Robin Hood Energy has been awarded a multi-million pound contract to supply 100 per cent green electricity It fully accepts the findings, conclusions and recommendations of the external auditor’s report into the governance arrangements for Robin Hood Energy Ltd. The company supplied gas and electricity nationally to homes and businesses until September 2020, when its customer accounts were sold to Centrica, the parent company of British Gas It was launched in September 2015 by Nottingham City Council. Robin Hood Energy: City council writes off £24 million debt. Robin Hood Energy currently supply 112,000 residential customers and 2,600 business customers, including many through white label deals with other suppliers. £25.5million has been invested in the company by Nottingham City Council over the last four years to keep the gas and electric supplier afloat. Robin Hood Energy is one of the newest UK energy companies in the industry. In 2015 it launched Robin Hood Energy, however after struggling to make the supplier work - including posting a £23.1 million loss in its April 2018 to March 2019 results - the council sold its customer base to Centrica in 2020. Why does the experience of Robin Hood Energy matter? An outstanding £12.5 million owed for green taxes known as Renewable Obligations Certificates (ROCs), to energy regulator OFGEM, is expected to be spread across the rest of the energy … Robin Hood Energy providing low cost energy to households in England, Wales and Scotland. Nottingham City Council has accepted the findings of a new report on its governance of Robin Hood Energy, the not-for-profit company set up by the authority to tackle fuel poverty in the city. Alongside its EV work, Nottingham City Council has also previously made steps into energy supply. Role ... Loxley House, Station Street, Nottingham, United Kingdom, NG2 3NG . The council held a full council meeting to discuss the Action Plan, just over two weeks after the auditor issued the report which made 13 recommendations to the council. “Robin Hood Energy has consistently protected prices for pre-payment customers – those most likely to experience fuel poverty. Robin Hood Energy was founded in 2015 by Nottingham City Council and has been in financial trouble for several years. Robin Hood Energy itself was also subject to a strategic review by the council last March, which culminated in the decision to sell its customer base on, effectively winding up the company. 1.1 Nottingham City Council fully recognises the serious nature of The Report in the Public Interest being issued. It comes as a review of the company is carried out, with ‘all options’ remaining on the table. Robin Hood Energy is a non-profit gas and electric company founded by Nottingham City Council in 2015. VAT Number: 204 8309 29 Company Number: 08053212. Nottingham Council agree overhaul of Robin Hood Energy Recommendations have been set out by external auditors who identified key issues with the running of RHE. British Gas will take on its customer base of thousands of homes in … The first is that it is a not-for-profit company. Soon the City Council owned company will also be launching a discount on all new credit tariffs exclusively to people with a Nottingham City Council postcode. Although Labour has held firm control for 30 years, the left is a minority. Nottingham City Council has announced that customers of its energy company, Robin Hood Energy, are to transfer to British Gas. The Robin Hood Energy (RHE) customer base has been sold to Centrica – one of the ‘big six’, and administrators Deloitte is now in charge of the firm. It is a great shame that Robin Hood Energy has run into such difficulty”. 2018 October: Robin Hood Energy announced a 14.8% price increase for customers on its standard variable tariff, adding £155 to the bill of the average customer per year. Robin Hood Energy, Nottingham, United Kingdom. Robin Hood Energy Utilities Nottingham, Nottinghamshire 2,157 followers Not-For-Profit energy company supplying gas & electricity across the UK. Company Number: 08053212. Customer transfer. In his response to Mr Caller’s review, Mr Jenrick accused Nottingham of failing to "understand the roles and responsibilities associated with managing their companies" and … Ceo Robin Hood Energy SPRINGALL, Andrew David Correspondence address Loxley House, Station Street, Nottingham, NG2 3NG . At the time of RHE’s inception in 2013-15, the council’s leadership chimed with Ed Miliband’s attack on rigged energy markets and rip-off prices. The company set up by Nottingham City Council to challenge the ‘big six’ energy firms has been placed into administration. The business provides gas and electricity to home and businesses nationwide. Robin Hood Energy (RHE), a not-for-profit energy company launched by Nottingham City Council, began its relationship with allpay in 2015 offering its customers a wide range of payment methods through direct debits, online & automated phone channels. Nottingham is not a socialist council. Registered Office: Loxley House, Station Street, Nottingham, NG2 3NG. While the firm’s management says it is “confident” financial stability can be improved, a professional services firm is being brought in to conduct a strategic review. 2.5K likes. It outlines a number of recommendations for action by the […] Robin Hood Energy Limited is a controlled company of Nottingham City Council, registered in England and Wales. VAT Number: 204 8309 29. The review will look into the serious governance and risk management issues associated with the council’s private energy company Robin Hood ... Nottingham Council … Nadia Whittome, a Nottingham MP and Corbyn loyalist, said,"Robin Hood Energy was an innovative move by the council and was the first publicly owned, not-for-profit energy company in the country designed to help residents in Nottingham save money on their energy bills. The purchase agreement with Centrica, the parent company of British Gas, has been reached following a strategic review of Robin Hood Energy launched by the City Council in March. The sale of Robin Hood Energy to British Gas has been officially confirmed, with the Nottingham City Council leader describing it as a “sad day” for the company and its 250 employees. Robin Hood Energy, the energy supplier owned by Nottingham city council, has failed to pass on £9.5m in renewable energy subsidies after collecting them from customers through their bills.. 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