Auditors Grant Thornton calculated the council had invested a total of £43m into the company and risked £16.5m in guarantees. 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 … 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: 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. Robin Hood Energy currently supply 112,000 residential customers and 2,600 business customers, including many through white label deals with other suppliers. 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 … It was set up to tackle fuel poverty and focuses on those customers with prepayment meters , a market which is often made up of … It fully accepts the findings, conclusions and recommendations of the external auditor’s report into the governance arrangements for Robin Hood Energy Ltd. It outlines a number of recommendations for action by the […] Role Resigned Director Date of birth … Ceo Robin Hood Energy SPRINGALL, Andrew David Correspondence address Loxley House, Station Street, Nottingham, NG2 3NG . Robin Hood Energy has 130,000 customers and is a not-for-profit energy company, owned entirely by Nottingham City Council. VAT Number: 204 8309 29. Although Labour has held firm control for 30 years, the left is a minority. Customer transfer. The review will look into the serious governance and risk management issues associated with the council’s private energy company Robin Hood ... Nottingham Council … The first is that it is a not-for-profit company. Robin Hood Energy later paid, after Nottingham City Council lent it the money. 2.5K likes. 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. 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. It was launched in September 2015 by Nottingham City Council. 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 claim to be different from other energy companies on the market for three reasons. Nottingham City Council has announced that customers of its energy company, Robin Hood Energy, are to transfer to British Gas. Why does the experience of Robin Hood Energy matter? 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. 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. 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. Role ... Loxley House, Station Street, Nottingham, United Kingdom, NG2 3NG . Nottingham is not a socialist council. Company Number: 08053212. 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 is a great shame that Robin Hood Energy has run into such difficulty”. Robin Hood Energy, Nottingham, United Kingdom. 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. Robin Hood Energy are the UK’s first publicly owned not-for-profit energy company, based right here in Nottingham. 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 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. Robin Hood Energy Limited is a controlled company of Nottingham City Council, registered in England and Wales. All electricity is 100% green. The company set up by Nottingham City Council to challenge the ‘big six’ energy firms has been placed into administration. 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. 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. VAT Number: 204 8309 29 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. Nottingham Council owned energy supplier Robin Hood has posted a £23.1m loss for 2018/19. Registered Office: Loxley House, Station Street, Nottingham, NG2 3NG. £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. Company Number: 08053212. British Gas will take on its customer base of thousands of homes in … Key information about Robin Hood Energy. Alongside its EV work, Nottingham City Council has also previously made steps into energy supply. 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. 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. Council-backed energy supplier Robin Hood Energy has appointed Deloitte to advise the company as part of a strategic review, Utility Week can reveal. Registered Office: Loxley House, Station Street, Nottingham, NG2 3NG. It comes as a review of the company is carried out, with ‘all options’ remaining on the table. 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. Robin Hood Energy (RHE) is shutting with the loss of 230 jobs despite millions poured into it by Nottingham City Council. 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.. 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 Utilities Nottingham, Nottinghamshire 2,157 followers Not-For-Profit energy company supplying gas & electricity across the UK. A highly concentrated and largely privatised energy sector in the UK resulted in one of the highest energy prices in Europe. The company belonging robin hood energy nottingham the Council were informed on Thursday, September 3 that were... Office: Loxley House, Station Street, Nottingham, NG2 3NG is a not-for-profit company. Role... Loxley House, Station Street, Nottingham, United Kingdom, NG2 3NG in the by... 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