Supporting Vulnerable Energy Consumers - The Energy Redress Scheme from Ofgem23-Sep-2019
Applications are currently being accepted by Ofgem for the fifth round of their Energy Redress Scheme, a programme intended to help vulnerable energy consumers.
Officially named the Energy Industry Voluntary Redress Scheme, and with the funding ideally being to support individual energy consumers in vulnerable situations, the Energy Redress Scheme will also provide a small percentage of the fund available to support innovative products and services that will help existing or future energy consumers.
Managed and delivered by Energy Saving Trust, the programme collects voluntary payments from energy companies to make reparations for effects on energy consumers.
In this round, the scheme has three separate funds:
- The Main Fund - £7.5 million is available to offer project grants of between £50,000 and £2 million to help energy consumers in vulnerable situations
- The Small Grants Fund - £1 million is available for projects seeking grants of between £20,000 and £49,999 to help energy consumers in vulnerable situations
- The Innovation Fund of £1.5 million: aimed at projects seeking grants between £50,000 to £750,000 that support the development of innovative products or services to provide benefits to energy consumers
Opened recently, the deadline for applications is Friday 18th October 2019.