Robin Hood Energy is a not-for-profit energy company launched in September 2015 by Nottingham City Council as a competitor to the "big six" energy suppliers in the United Kingdom. The business supplies gas and electricity nationally to both homes and businesses. Nottingham City Council wholly own the business and when launched in 2015 it was the UK's first publicly owned not-for-profit energy company. None had existed since the UK energy system was nationalised in 1948 under the Electricity Act 1947 and subsequently privatised in 1990 under the Electricity Act 1989.
The aim of the business is provide low-cost energy to households and address fuel poverty. It provides special tariffs to residents within the boundaries of Nottingham City Council and provides a socially orientated pricing structure to the entirety of the UK.
As a publicly owned energy company, the business prides itself on "championing the average person on the street, and make decisions that are morally and ethically right rather than trying to please shareholders". The business specialises in prepayment meters as generally customers on these meters can least afford energy, are in fuel poverty or are some of the most vulnerable customers, but are proportionally charged more for it. The business has previously publicly refused to increase these prices for those customers in the past even though costs were increasing.
In July 2018, the business announced that its electricity supplied to UK homes and businesses would be 100% renewable and it would also voluntarily enter into the Warm Home Discount scheme, which offers the elderly a payment of £140 over the winter period to help with fuel bills. This is only mandatory for energy companies with more than 250,000 customers; Robin Hood Energy has a customer base half the size of this, but voluntarily began to offer the Warm Home Discount from 2018.
|Robin Hood Energy|
|Founder||Nottingham City Council|
|Type||Not-for-profit energy company|
|Purpose||To provide low cost energy to households|
|Headquarters||Loxley House, Station Street, Nottingham, NG2 3NG|
|Nottingham City Council|
A large part of the business's growth is through Public Sector endorsement rather than price comparison sites. The Robin Hood Energy model in Nottingham has been taken to a number of other areas of the UK through local authority and council partnerships. The business works with like-minded councils, with a range of political control and geographical locations, who have an agenda to tackle fuel poverty and address unfairness within the energy market.
Robin Hood Energy is the licenced supplier to 10 other councils or private businesses:
Robin Hood Energy was announced on 10 March 2017 as the new supply partner for not-for-profit energy provider and registered social enterprise Ebico. This began a transition of Ebico customers who opted-in to be transferred to new Ebico Zero Tariffs provided by Robin Hood Energy. In the decision to opt for a relationship with Robin Hood Energy, Ebico stated "we wanted to ensure our supply partner shared the same values as us; something Robin Hood Energy does in its mission to provide its customers with low-cost energy."
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