Robin Hood Energy’s local authority owner ‘considering the company’s future’

Nottingham Council is considering the future of Robin Hood Energy. Opposition councillors say the supplier’s losses are “unsustainable” and closing the company should be among the options considered, reports Nottinghamshire Live. A decision is expected in the summer.

The company is also a supplier under ‘white label’ agreements for other local authority customers, with brands including  Leccy for Liverpool Council, Ram Energy for Derby Council and Angel Energy for Islington Council in London.

The company says it has helped lift people out of fuel poverty, but opponents say the company exposes the council – which had to make an emergency loan to the company last year – to too much risk.

Read the full story here

Further reading

Ofgem: 42 suppliers missed RO payment deadline

12 interviews of Christmas: Polly Billington, UK100

Four suppliers face 31 October deadline to pay £14.7M in outstanding RO payments

Tram contract win for Robin Hood Energy

West Sussex aims to expand clean energy interests

Robin Hood Energy to join Warm Homes scheme as it posts surplus

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