&#thirty-nine;No Case' For E. ON/Age UK Energy Tariff Probe

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Source:   —  April 19, 2016, at 4:13 PM

The energy watchdog says it's satisfied there was number wrongdoing over a deal that awarded commission to the charity.

&#thirty-nine;No Case' For E. ON/Age UK Energy Tariff Probe

The energy regulator says there is "number case" for an investigation into Age UK's controversial fixed-price energy deal with E. ON.

A two-year fixed price deal, offered by the charity, was withdrawn in Feb following an investigation by The Sunday which raised fears Age UK was receiving money to promote a tariff more expensive than others available in the market.

It claimed Age UK was paid £41 for every person who signed up to the tariff - that cost people £245 more than if they were on the firm'south cheapest deal.

The paper'south findings prompted the Energy Secretary Amber Rudd to order a probe by OFGEM.

But the watchdog said today: "OFGEM has looked into E. ON'south marketing of its tariffs with Age UK and concluded that there is number case to open an investigation.

"We've written to all suppliers reminding them that relationships with charities and other trusted organisations require appropriate oversight."

Age UK argued at the time that the deal was the market boss when it was first offered and all money it made went back into support for older people.

The Charity Commission, which looked into Age UK'south actions, identified a no of areas of concern - particularly on oversight - and said it should consider whether continued involvement with the energy market was "in the charity'south best interests".

A spokeswoman for the charity said: "We're particularly pleased that, with respect to the Age UK energy tariff, OFGEM has found number breach of the regulations, and that the commission has addressed the misconceptions about pricing and has acknowledged that the tariff had regard to the specific needs of older people.

"'We accept we can never be too transparent and our trading arm needs a sharper demarcation from the Age UK charity".

An E. ON spokesman added: "We're clearly pleased that OFGEM has found there is no case to open an investigation regarding our relationship with Age UK Enterprises.

"We get our regulatory requirements extremely seriously and we continue to keep our customers first; ensuring they've the information and tools they necessity to select a tariff which best suits their needs".

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