Eaga Charitable Trust has submitted a response to Ofgem’s consultation on ‘Allocation of voluntary redress payments in the context of enforcement cases’, proposing that a small portion should be allocated to the Trust to ensure that there is dedicated research in the energy sector on issues relating to fuel poverty and health and wellbeing. The consultation proposes more transparent administration and regulation of how voluntary redress money – tens of millions of pounds a year – is spent. Ofgem is considering opening up access to this funding to a much wider range of organisations working with the public on energy issues. Eaga Charitable Trust proposes that Ofgem’s objectives for spending this money should be widened to allow a small sum to be spent on practical research and innovation into how to assist vulnerable and hard-to-reach energy consumers who are not accessing affordable energy. This could be delivered very effectively and efficiently through Eaga Charitable Trust.
Our full response to Ofgem’s consultation can be found here