Watchdog welcomes debt fund
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Money News |
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Watchdog welcomes debt fund
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EDF Energy Trust is an independent charitable trust, established near the end of last year with a £2 million donation from EDF Energy.
Grants will be made available to consumers so they can pay bills, and to voluntary organisations that provide debt management and advice.
Susan Jordan, chief executive of Charis - who manage the Trust - said: "The EDF Energy Trust will help not only tackle the impact of debt that consumers face but also work the prevent the causes of debt through education and working alongside organisations such as Citizen's Advice."
Allan Asher, chief executive of energywatch, said: "We welcome this move by EDF Energy."
"Much of the industry has paid lip service to initiatives like this and it is to be commended that EDF has turned this rhetoric into action," he added.
He continued, saying: "It is an important step forward in the battle to end disconnections and EDF has laid down the challenge to industry and we look forward to other imaginative schemes to help deal with debt issues."
Related News : Debt |
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