Centrica PLC Purchase of customer base of Robin Hood Energy (9839X)
September 04 2020 - 1:00AM
UK Regulatory
TIDMCNA
RNS Number : 9839X
Centrica PLC
04 September 2020
4 September 2020
Centrica plc
British Gas to purchase the customer base of Robin Hood
Energy
Centrica plc, through its British Gas business, has agreed to
acquire the energy supply customers of Robin Hood Energy Limited
for an undisclosed sum.
Robin Hood Energy currently serves around 112,000 residential
customers, and 2,600 business customers across 10,000 sites.
Completion of the transaction is expected on 16 September with
customers moving to British Gas over the next few months.
In the coming weeks, Robin Hood Energy customers will be given
information on the process of moving and will be offered a British
Gas tariff at the same or lower price to the one they are currently
on. They will also be provided with additional information on other
services they will have access to such as British Gas Rewards and
offers on Homecare and Hive products.
Chris O'Shea, Group Chief Executive of Centrica, said:
"As well as our actions to simplify and modernise our business,
we are focused on returning to profitable growth in our core
markets and investing in value generating opportunities.
"Our customers are at the heart of everything we do, and 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 and have
access to a range of other benefits - such as British Gas Rewards
with free energy days and exclusive offers on services such as
boiler cover."
Enquiries:
Investor and Analysts Media Relations
T: 01753 494900 T: 01784 843000
E: ir@centrica.com E: media@centrica.com
_____________________________________________
Note: Robin Hood Energy has 185,000 residential customer
accounts (this equates to 112,000 households as some customers are
dual fuel). It also has 2,600 business customers across 10,000
sites (with some businesses having more than one site).
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END
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