Robin Hood Energy, the energy supplier owned by Nottingham city council, has failed to pass on £9.5m in renewable energy subsidies after collecting them from customers through their bills. The supplier has already claimed the sum from its customers, to be used to support renewable energy projects, but missed the deadline to pay its share of the money to the industry regulator, Ofgem last month. Ofgem has said the troubled energy supplier could have its supply licence revoked if it fails to pay by the end of October. In total, four of the energy suppliers – Delta Gas and Power, Gnergy, Toto Energy and Robin Hood – could lose their licences if they fail to pay a total of £14.7m to the government’s renewable support scheme. Robin Hood, set up in 2015, owes the largest sum of money followed by Toto Energy which owes £4.5m.
Guardian 1st Oct 2019 read more »
Four energy suppliers could have their licences to operate revoked after failing to pay nearly £15m to fund green power projects, the industry watchdog has warned. Delta Gas and Power, Gnergy, Robin Hood Energy and Toto Energy have been ordered by regulator Ofgem to cough up what they owe by the end of the month or face losing their right to trade – putting their futures at risk. The warning follows a string of small supplier collapses, raising fears over the state of the industry.
Telegraph 1st Oct 2019 read more »
The energy regulator has threatened to close down Britain’s first council-run gas and electricity supplier after it failed to pay millions of pounds it owes under a green power scheme. Robin Hood Energy, owned by Nottingham city council, missed a September 1 deadline to pay £9.4 million it owed under the Renewables Obligation scheme, which supports wind and solar projects. The missed payment will raise fears over the financial health of the supplier, given that at least a third of suppliers that failed to meet the deadline last year have gone bust or ceased trading. Robin Hood Energy said that it was waiting for a suitable “letter of comfort” from the council to say that it would continue to support the company financially over the coming year.
Times 2nd Oct 2019 read more »