United Kingdom-London: Administration of the Ofgem Energy Industry Voluntary Redress Fund
Details
| Contract Title: | United Kingdom-London: Administration of the Ofgem Energy Industry Voluntary Redress Fund |
| Published Date: | May 25, 2025 |
| Notice Type: | Notice (PriorInformationNotice) |
| Value Banding: | High Value |
| Delivery Point: | United Kingdom |
Description:
In some circumstances, Ofgem’s enforcement and compliance work results in a regulated entity making a voluntary payment into the Voluntary Redress Fund. The purpose of the fund is to ensure that the monies paid by those subject to our compliance and enforcement activity are used to help vulnerable consumers. The fund is managed by a third-party service provider. This ensures that decisions relating to the award of funds to particular projects are made by an expert independently from Ofgem and ...