Administrators appointed to remainder of failed energy supplier
The remainder of Robin Hood Energy, the failed utilities supplier set up by Nottingham City Council, has been formally placed into administration.
The move comes after the firm’s customer book was sold to British Gas in September.
Matthew Cowlishaw and Richard Hawes of Deloitte were appointed joint administrators of Robin Hood Energy January 5.
The not-for-profit company was set up in September 2015 as a competitor to the major players in the industry. However, after a promising start in which it attracted 130,000 customers – included former Labour leader Jeremy Corbyn – in 2019, the company missed a £9.5m renewables obligation (RO) paymwent to industry operator Ofgem. The cash was loaned to the company by Nottingham City Council, but the following year the Robin Hod Energy missed £12m in RO payments and the company was issued with an order to wind down in October.
