Robin Hood energy next?

Michaelw

With the collapse of Toto energy is there any future for these smaller suppliers? Theres certainly no competition in the prepayment market with the OFGEM price cap.

https://www.ofgem.gov.uk/system/files/docs/2019/02/information_for_elected_representatives_and_stakeholders.pdf

Robin Hood has been the headlines recently too.

Nottingham-based energy supplier fails to pay £9.5m in subsidies

Robin Hood Energy may have licence revoked if it fails to pay total sum to Ofgem

https://www.theguardian.com/business/2019/oct/01/nottingham-based-energy-supplier-robin-hood-fails-to-pay-95m-in-subsidies

Theres more.

Councillors have been accused of showing “contempt” for open government after barring a regional daily from a meeting about the finances of a council-run energy firm.

Council members voted to exclude the Nottingham Post from the meeting about the financial situation at Nottingham City Council-owned Robin Hood Energy on the grounds that they wanted to ask questions which were “commercially sensitive.”

According to the council’s auditors, the company already owed the council around £40m in unpaid loands and a decision needed to be taken on whether it could continue trading

https://www.holdthefrontpage.co.uk/2019/news/editor-accuses-councillors-of-contempt-as-daily-barred-from-finance-meeting/

https://www.islingtongazette.co.uk/news/robin-hood-energy-provider-of-islington-council-s-angelic-energy-lent-9-5m-1-6339610

DawnCrush

Rince and repeat? :huh:

https://forums.moneysavingexpert.com/discussion/6054116/robin-hood-energy-conerns-in-the-nottingham-press

A City Council spokesperson said: “Nottingham City Council has agreed to continue its support of Robin Hood Energy to enable it to continue the successful work it has undertaken to date.