Robin Hood Energy has made an operating surplus in its third year of trading.- a trading surplus of £202,000.
Launched in September 2015, Robin Hood Energy is the first local authority owned, not for profit, energy company.
The company has over 115,000 customers and is valued at around £30million – well in excess of the Council’s original investment. Set up with the aim of tackling fuel poverty, Robin Hood Energy will:
– Voluntarily enter arrangements to offer the Warm Home Discount, for older people, and those on low incomes.
– Protect tariff rates for Nottingham City prepayment customers.
– Go Green – Robin Hood Energy will be switching all of their electricity to be supplied from renewable sources certified as being provided by UK based Wind and Solar projects (in mid-July).
Postscript and correction:
The profit figure was withdrawn, and the loss made was posted in March 2020.
e.g. the “Current News” website published on the 27th March, 2020 –
“The loss has grown … from the previous 2017-2018 period, when it posted a loss of £1.6 million.“