Council ‘sorry’ as energy company collapses


This scheme trumpeted: “Since July 2018 all of the electricity we supply to our customers is 100% green*. Whichever tariff you take from us all of the electricity we provide is certified as being sourced from UK based wind and solar generators.”
But now comes the real cost – a loss of many millions of pounds incurred by local ratepayers as it all goes pear-shaped. If anyone is surprised, they shouldn’t be.

– – –
The council leader admits selling the customer base will not make back the millions it invested, reports BBC News.

Robin Hood Energy (RHE) is shutting with the loss of 230 jobs despite millions poured into it by Nottingham City Council.

British Gas will take on its customer base of thousands of homes in England.

The council said the sale will not make up all its losses, which leaked documents suggest are £38.1 million.

Extract from the BBC analysis:

This has been a disaster and an embarrassment for Nottingham City Council.

At a time when they routinely criticise central government for a loss of funding, they’ve been publicly shamed for losing millions in taxpayer cash.

What’s more, they’ve had to accept it. No spin. No deflection. A straight and unavoidable mea culpa.

Full report here.

via Tallbloke’s Talkshop

https://ift.tt/2ZdzlW2

September 5, 2020 at 12:54PM

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