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Following the announcement of a price cap on variable tariffs, we are keen to pass comment on why this has taken the government so long.
Robin Hood Energy was launched in 2015 by Nottingham City Council as an initiative to reduce fuel poverty both locally and nationally and tackle the 60% of energy users who had never switched.
Chair of Robin Hood Energy, Councillor Steve Battlemuch comments, “Why has the variable price cap taken so long? There has been an understanding for a long time that the current energy market model isn’t working as more UK households have slipped into fuel poverty.
In 2013, well before the Government took any large scale action to support struggling energy consumers, Nottingham City Council had begun to look at ways it could disrupt the energy market and effect change.”
The rewards of this radical new energy model became apparent almost immediately after the company launched. Only two months after, the East Midlands climbed eight places to become the cheapest region in the country for dual fuel tariffs. Robin Hood Energy’s activity in the region immediately prompted its larger competitors to realign their tariffs to compete, benefiting the region’s energy users overall.
Robin Hood Energy is clear that we support any future moves made by the Government and Ofgem to protect energy consumers from unfair pricing. However, these plans only propose short term, temporary measures to support energy users and we would call on both bodies to create long term, sustainable initiatives that will help the 4 million households across the U.K. currently living in fuel poverty.”
* (Source: NEA.org.uk. Fuel Poverty Statistics. Published June 2017)
We operate on a not-for-profit basis and have no private shareholders or bonus schemes. This model allows us to use our profits to create affordable, competitive tariffs that benefit all of our energy customers.