Bri­tish Gas strikes Robin Hood deal

The Daily Telegraph - Business - - Front Page - By Ed Clowes

BRI­TISH Gas has ac­quired Robin Hood En­ergy, the fail­ing coun­cil-owned sup­plier whose clients in­clude for­mer Labour leader Jeremy Cor­byn.

The com­pany, which has fallen into heavy debt, has made more than 250 em­ploy­ees re­dun­dant as a re­sult, sources say. Staff were told yes­ter­day af­ter­noon they no longer had jobs.

Robin Hood’s 112,000 res­i­den­tial cus­tomers and 2,600 busi­ness clients will trans­fer to Bri­tish Gas over the next few months af­ter the deal closes on Sept 16.

Bri­tish Gas owner Cen­trica did not dis­close how much it was pay­ing for the com­pany. Chris O’Shea, Cen­trica’s chief ex­ec­u­tive, said the deal was a “value-gen­er­at­ing” op­por­tu­nity.

“We are de­lighted to wel­come Robin Hood cus­tomers to Bri­tish Gas. We are pleased to be able to of­fer ev­ery cus­tomer mov­ing to Bri­tish Gas a tar­iff which means their price will not be any higher and, im­por­tantly, they will be sup­plied with green elec­tric­ity,” he said.

Robin Hood En­ergy had hired Deloitte to over­see the sale of its book to Bri­tish Gas. The firm was launched by Not­ting­ham City Coun­cil in 2015 but fell into fi­nan­cial dif­fi­culty last year.

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