Robin Hood Energy

[Deleted User]

https://liverpoolexpress.co.uk/statement-the-leccy/

 So the same for other Partners 

Biggus_Dickus

brewerdave said:

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

I’d be livid;...it’s a lot of money for a local council.

According to those Twitter feed reports & Nottingham Post the good citizens of Nottingham face cumulative losses of £34.4m;  with potential liabilities  approaching £60m. ! 

 

 

 

macman

brewerdave said:

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

Isn't there another £59m in continuing liabilities? Have Centrica taken on this residual debt?
Presumably the council tax payers of Nottingham will conclude that the business model of RHE was more 'Sheriff of Nottingham' than 'Robin Hood'...

macman

Gerry1 said:

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.”

I'm assuming that means that they will honour the existing contracts, but, on expiry, it'll be over to BG tariffs for everyone.

brewerdave

Wonder if there will be any other Councils now looking at "investments" in energy Cos.? I know that Warrington Council have ploughed considerable sums of money into Together Energy for instance ,who are just about bottom of every customer satisfaction league table!!

Biggus_Dickus

brewerdave said:

Wonder if there will be any other Councils now looking at "investments" in energy Cos.? I know that Warrington Council have ploughed considerable sums of money into Together Energy for instance ,who are just about bottom of every customer satisfaction league table!!

There’s a number  of local councils who are probably learning that domestic energy supply is not an easy business to be in. :'(

PixelPound

Biggus_Dickus said:

brewerdave said:

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

I’d be livid;...it’s a lot of money for a local council.

According to those Twitter feed reports & Nottingham Post the good citizens of Nottingham face cumulative losses of £34.4m;  with potential liabilities  approaching £60m. ! 

Well many city councils have big right offs from Council Tax arrears, etc, so not sure how this is anymore outrageous.

Biggus_Dickus

brewerdave said:

Wonder if there will be any other Councils now looking at "investments" in energy Cos.? I know that Warrington Council have ploughed considerable sums of money into Together Energy for instance ,who are just about bottom of every customer satisfaction league table!!

I’m not a Warrington resident (my parents were) but I don’t live too far away;...in Dec’19 the Council bought a 50% share-holding in Together Energy at at cost of £18m.

What  would lead them invest so much money in a small Energy company set against the backdrop of so many established energy companies that have gone to the wall in recent times?...bonkers or what‽

However, apparently,... quote: “The company (Together Energy)  has been built around a set of core convictions including a vision of how employers and employees should interact, developing a workplace grounded in the values of dignity and worth.”

.....so that’s alright then!

Biggus_Dickus

nic_c said:

Biggus_Dickus said:

brewerdave said:

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

I’d be livid;...it’s a lot of money for a local council.

According to those Twitter feed reports & Nottingham Post the good citizens of Nottingham face cumulative losses of £34.4m;  with potential liabilities  approaching £60m. ! 

Well many city councils have big right offs from Council Tax arrears, etc, so not sure how this is anymore outrageous.

 It's probably no more outrageous than tax arrears but that isn't the subject of this thread.

stewie_griffin

Unfortunately this comes on top with another fiasco with a local shopping centre that has also cost the council millions, but that's another story.