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OFGEM make £13 million available for charities to support vulnerable energy consumers

Deadline 28th May

The Ofgem Energy Industry Voluntary Redress Scheme (Energy Redress Scheme) opens its latest funding round for applications on Thursday 7th May 2020 to charities that support vulnerable energy consumers. The seventh round of the scheme includes four different funding streams including a new Crisis Fund, introduced to help address the impact of COVID-19 on vulnerable households.

Managed and delivered by the Energy Saving Trust, the Energy Redress Scheme collects voluntary payments from energy companies that may have breached rules to make reparation for the effects on energy consumers that may have been affected.

The priority of the scheme is to support 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 seventh round of the Energy Redress Scheme has four separate funds open to ensure projects of a similar nature and scale are assessed against each other:

The Main Fund contains £2.1 million and is aimed at projects seeking grants between £50,000 and £500,000.

The Small Grants Fund contains £450,000 and is aimed at projects seeking grants of between £20,000 and £49,999.

The Innovation Fund contains £450,000 and is aimed at projects seeking grants between £50,000 and £450,000, that will develop innovative products or services to benefit energy consumers.

The deadline for applications to the above three funds is 5pm on Thursday 28 May 2020.

For more information, and to apply, go to the Energy Redress website (opens in a new tab)

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