Published: 11th Aug 2020

Nottingham City Council suffered from ‘institutional blindness’ when it came to the risks of running an energy supply company, according to a new report. The report by Grant Thornton into the governance arrangements at Robin Hood Energy (RHE) highlights a number of issues at the largest council-owned energy company in the country. The report says there was ‘an insufficient appreciation within the council’ of the huge risks involved in owning the company. It adds there was also ‘insufficient understanding within the council of Robin Hood Energy’s financial position’. Robin Hood Energy was set up in 2015 by Nottingham City Council with the specific aim of taking on the ‘Big Six’ suppliers. According to the report, the governance arrangements at the energy supplier were ‘overshadowed by the council’s determination that the company should be a success’. ‘This led to institutional blindness within the council as whole to the escalating risks involved, … (To read the full article, subscribe below)