Robin Hood Energy

[Deleted User]

RHE’s 112,000 customers will move to British Gas on the 16th September following a buy out. All RHE staff were apparently made redundant this afternoon. Council loans (c.£24M) written off. Formal announcement tomorrow.

sources: Daily Telegraph and Nottingham Post Twitter

Gerry1

From the DT:

Chris O’Shea, Centrica chief executive, said the deal was a "value-generating" opportunity. "We are delighted to welcome Robin Hood customers to British Gas. We are pleased to be able to offer every customer moving to British Gas a tariff which means their price will not be any higher and, importantly, they will be supplied with green electricity and have access to a range of other benefits.”

daveyjp

I wonder how this affects RHE partnerships such as White Rose Energy.

molerat

Certainly no one could argue against them being a not for profit supplier.

PixelPound

The problem was their operating model. The idea to provide cheap energy to local residents irrespective of income etc. So like if you have a poor credit rating. Means lots of unpaid bills that not chased, etc.

So long as BGas honour the fixed tariff then should be fine. I was with BG when they had the cheap deal on here a few years ago, had no problem switching to/from.

Gerry1

nic_c said:

The problem was their operating model. The idea to provide cheap energy to local residents irrespective of income etc.

Hardly.  They're supplying me, and I'm well over 100 miles away (nearer 200 by car).

PixelPound

Gerry1 said:

nic_c said:

The problem was their operating model. The idea to provide cheap energy to local residents irrespective of income etc.

Hardly.  They're supplying me, and I'm well over 100 miles away (nearer 200 by car).

I was meaning the original premise rather than who they offer to now.

J_B

We had a cottage near Porthmadog on the N Welsh coast that was supplied by them!

Xbigman

Bristol energy had the same plan. If you had a BS postcode it was cheaper. BE never got the penetration in Bristol they expected and had to go to a more national focus. Hence why they too are trying to sell their customers to another supplier.
As this is not a supplier of last resort situation I'd like to know how RHE's customers contracts are being treated. From the Centrica quote above it doesn't sound like a contract transfer to me, but some sort of replacement contract. I await the full details with interest.


Darren

[Deleted User]

daveyjp said:

I wonder how this affects RHE partnerships such as White Rose Energy.

 Me too, they're partners with Liverpool City Council for the leccy who supply me. 

brewerdave

Wonder what the council tax payers in Nottingham think of £24m write off ??