Administrative services for business operations

Tender 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; and Providing regular reports on the performance against the objectives. The appointed Service Provider will be responsible for the administration, financial management and allocation of redress funds to charities and third sector and will be accountable to the Authority for this.