Tender Details

Country: United Kingdom
Summary: Administration of the Ofgem Energy Industry Voluntary Redress Fund
GBT Ref No: 119640366
Deadline: 30 Jun 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: 2025-014
Purchaser's Detail:
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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 those entities that we regulate. The service provider must adhere to the to the provisions of the contract and the Authority Guidance on the Allocation of the Redress Fund for the time being - the link to which is provided in an attachment to this notice. This guidance may be updated from time to time at Ofgem's discretion' We intend to continue with the existing approach and to once again procure an experienced service provider with knowledge of the British energy sector and the needs of energy consumers to administer the Voluntary Redress Fund on our behalf upon the expiry of the current contract in May 2026. The main tasks will likely include: * Maintaining a database of possible and actual redress recipients, undertaking regular diligence checks. * Administering and allocating funds to projects (in compliance with the Authority Guidance on the Allocation of the Redress Fund) that benefit energy consumers via a fair and transparent process. * Preparing and entering into binding agree...
Documents:

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Administration of the Ofgem Energy Industry Voluntary Redress Fund - Unitedkingdom Tender

The OFGEM, a Government sector organization in United Kingdom, has announced a new tender for Administration of the Ofgem Energy Industry Voluntary Redress Fund. This tender is published on UnitedkingdomTenders under GBT Ref No: 119640366 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-06-30.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.