Robin Hood Energy is a non-profit gas and electric company founded by Nottingham City Council in 2015. Auditors Grant Thornton calculated the council had invested a total of £43m into the company and risked £16.5m in guarantees. Nottingham is not a socialist council. The first is that it is a not-for-profit company. Robin Hood Energy has 130,000 customers and is a not-for-profit energy company, owned entirely by Nottingham City Council. £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. The company set up by Nottingham City Council to challenge the ‘big six’ energy firms has been placed into administration. Robin Hood Energy (RHE) is shutting with the loss of 230 jobs despite millions poured into it by Nottingham City Council. Robin Hood Energy are the UK’s first publicly owned not-for-profit energy company, based right here in Nottingham. Robin Hood Energy providing low cost energy to households in England, Wales and Scotland. 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.. The business provides gas and electricity to home and businesses nationwide. It comes as a review of the company is carried out, with ‘all options’ remaining on the table. Robin Hood Energy was founded in 2015 by Nottingham City Council and has been in financial trouble for several years. 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. Council-backed energy supplier Robin Hood Energy has appointed Deloitte to advise the company as part of a strategic review, Utility Week can reveal. 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. 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 … Robin Hood Energy currently supply 112,000 residential customers and 2,600 business customers, including many through white label deals with other suppliers. Nottingham City Council has announced that customers of its energy company, Robin Hood Energy, are to transfer to British Gas. 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. Key information about Robin Hood Energy. Robin Hood Energy Utilities Nottingham, Nottinghamshire 2,157 followers Not-For-Profit energy company supplying gas & electricity across the UK. 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 … Nottingham Council owned energy supplier Robin Hood has posted a £23.1m loss for 2018/19. 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 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, Nottingham, United Kingdom. Customer transfer. Role Resigned Director Date of birth … 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. Alongside its EV work, Nottingham City Council has also previously made steps into energy supply. 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. 2.5K likes. “Robin Hood Energy has consistently protected prices for pre-payment customers – those most likely to experience fuel poverty. 1.1 Nottingham City Council fully recognises the serious nature of The Report in the Public Interest being issued. All electricity is 100% green. 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 claim to be different from other energy companies on the market for three reasons. Company Number: 08053212. Robin Hood Energy: City council writes off £24 million debt – Nottingham City Council has written off debt to the tune of more than £24 million owed by its wholly-owned energy company. 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. 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 … Robin Hood Energy later paid, after Nottingham City Council lent it the money. Role ... Loxley House, Station Street, Nottingham, United Kingdom, NG2 3NG . Why does the experience of Robin Hood Energy matter? British Gas will take on its customer base of thousands of homes in … Registered Office: Loxley House, Station Street, Nottingham, NG2 3NG. 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. 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. 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. 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 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. It outlines a number of recommendations for action by the […] It is a great shame that Robin Hood Energy has run into such difficulty”. Company Number: 08053212. 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. 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. Ebico Energy is a brand operated under licence by Robin Hood Energy Limited, registered in England and Wales. 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. The Report in the Public Interest is published by the External Auditor. 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. Registered Office: Loxley House, Station Street, Nottingham, NG2 3NG. 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. A highly concentrated and largely privatised energy sector in the UK resulted in one of the highest energy prices in Europe. VAT Number: 204 8309 29 It was set up to tackle fuel poverty and focuses on those customers with prepayment meters , a market which is often made up of … 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 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. 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 … The 250 employees of the company belonging to the council were informed on Thursday, September 3 that they were made redundant. 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. 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