WebApr 12, 2024 · Robin Hood Energy owned by Nottingham city council – experienced the largest loss in a single year of any energy company, losing £23,075,000 in 2024-19 This company also saw total losses of £31,618,000 between 2016-17 and 2024-20. This was the second highest of any energy company. WebSep 9, 2024 · Clare Wilkins, Nottingham Socialist Party. The ‘not-for-profit’ energy company set up by Nottingham’s Labour council has collapsed with the loss of 250 jobs. The council, which has spent £95.6 million on Robin Hood Energy, recently wrote off a loan of £24 million that was made to try to keep it afloat.
Nottingham City Council: The (mis)adventures of Robin Hood Energy …
WebAug 2, 2024 · Auditors are unable to sign off Nottingham City Council’s accounts for the year 2024-2024 – eight months after they should have been published. One reason for the hold-up is the on-going issue of former council company Robin Hood Energy, which collapsed in January 2024 having lost Nottingham taxpayers more than £34m. WebSep 4, 2024 · Robin Hood Energy (RHE) is shutting with the loss of 230 jobs despite millions poured into it by Nottingham City Council. British Gas will take on its customer base of … breakfast is cooking in the kitchen
Robin Hood Energy: How Nottingham City Council spent £25m
WebRobin Hood Energy was launched by Nottingham City Council in 2015 to help residents get cheaper energy deals and tackle the problems of fuel poverty. Set up as the UK's first local authority owned, not-for-profit energy company, the absence of private shareholders was cited as one of the reasons it was able to keep gas and electricity costs low. WebSep 8, 2024 · On Friday, 4 September 2024, Nottingham City Council announced the sale of municipal company Robin Hood Energy’s (RHE) customer book to British Gas. The rest of the UK’s first publicly owned not-for-profit energy supplier will be shut down. Council-run Robin Hood Energy set out to help people struggling with their bills, but instead it failed to turn a profit, ended up losing millions and is … See more cost cutters baxter mn