# Management and Allocation of voluntary redress payments made by energy companies

> A sourced UK public sector contract award published by Ofgem.

## Key facts

- Buyer: [Ofgem](/buyers/ofgem/contract-awards)
- Published: 16 February 2017
- Contract start: 1 August 2017
- Contract end: 31 July 2019
- Stage: open_tender
- Procurement category: services
- Notice ID: b312634f-92f9-4c37-9001-08aab076546a-130876
- OCID: ocds-b5fd17-6ba90ee8-df26-416e-a66e-17256ea58553

## Description

Following a consultation, Ofgem decided to procure a third party expert with experience in allocating funds to charitable organisations\.The Service Provider will be responsible for:Financial management of voluntary redress monies paid by energy companies, including receiving the funding from energy companies and awarding grants to charitable recipients;Identifying potential charitable recipients, to be allocated redress funding whose projects would achieve our objectives;Using knowledge of the British energy sector and the needs of energy consumers \(including those of vulnerable consumers and those of future consumers\) to make decisions on funding;Monitoring the projects and evaluating the use of the funds and taking action to ensure that the projects are delivering real benefits to consumers; andProviding regular reports on the performance against the objectives\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/b312634f-92f9-4c37-9001-08aab076546a-130876)