18 September 2019
Energy Industry Voluntary Redress Scheme
The Energy Industry Voluntary Redress Scheme is managed by Energy Saving Trust, which has been appointed by Ofgem to distribute payments to charities from energy companies who have breached rules. The scheme will be administered until 2021.
The priority of the scheme is to support individual energy consumers in vulnerable situations, with a small percentage of the fund available to support innovative products and services that will help existing or future energy consumers.
The funds can pay for anything from making a home more energy efficient, to providing advice that helps consumers keep on top of their bills.
The current round of the Energy Redress Scheme has three separate funds to ensure that projects of a similar nature and scale are assessed against each other:
- The Main Fund and the Small Grants Fund both aim to support projects that help energy consumers in vulnerable situations and deliver benefits to the types of consumers that were negatively impacted by the specific issues that triggered the Redress payment.
- The Innovation Fund will support the development of innovative products or services to provide benefits to energy consumers. Innovation projects must:
- Have a realistic prospect of delivering benefits to existing and/or future energy consumers
- Should help to reduce the environmental impact of energy use and
- Are efficiently managed and provide good value for money.
The deadline for applications is 18 October 2019.