Matthew James Cowlishaw and Richard Michael Hawes were appointed Joint Administrators of Robin Hood Energy Limited on 05 January 2021. The affairs, business and property of the Company are managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability. The Joint Administrators are authorised by the Institute of Chartered Accountants in England and Wales. All licensed Insolvency Practitioners of Deloitte LLP are licensed in the UK.
So where actually does that money go? Well your Energy bill pays for the following:
Energy providers have to first purchase the wholesale electricity and gas on the wholesale market. Energy can be purchased months or years in advance.
Electricity and gas must be distributed from source to end user, suppliers have to pay for this service.
Government intervention to ensure we deliver a lower carbon footprint and care for vulnerable members of society. This includes policies such as the Warm Home Discount, the rollout of new Smart Meters and the Feed-in-Tariff.
Supplier pre-tax margin – This is the difference between the money an energy company receives from their customers and the costs they have to deliver that energy. Energy providers must pay tax and fund debt payments plus other obligated costs from this money.
Other Direct Costs – Any other costs that do not fit into the above categories.