Consumer power in regulatory consultations

by Richard Winstone in Chatham, Medway, United Kingdom

Total raised £927

£25,000 target 41 days left
3% 54 supporters
Keep what you raise – this project will receive all pledges made by 26th July 2024 at 1:49pm

Giving a voice to UK consumers in regulatory and governmental consultations that focus on bills, turning the cost of living crisis around.

by Richard Winstone in Chatham, Medway, United Kingdom

I started in the energy industry 9 years ago, in the finance department of a price comparison website. I moved up to working with the CEO and then eventually we both left that business and started Over50smoney.com in 2019. 

During my tim1717158462_ofgem_consults_1_-_why.pnge with Over50smoney, I became intently involved in Ofgem consultations after starting a petition to change the way the price cap calculated profits for suppliers. I've been actively campaigning against many Ofgem's decisions and I've been involved in dozens of Ofgem consultations over the last three years, always giving a voice to consumers and calling for Ofgem to bring our bills down.

I became so involved in my energy and campaigning work that I felt my attention divert away from Over50smoney, so at the end of March 2024 I decided to leave Over50smoney and become The Regulator Guy full time. 

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Not being distracted with running another website was supposed to allow me more time to focus on energy regulation consultations and expand further into the remits of Ofcom and Ofwat, but it hasn't quite worked out that way. The fatal flaw with my plan is that I haven't focused on funding, which means I've inevitably wound up focusing on work that pays rather than focusing solely on regulatory and governmental consultations as planned. 

So, I've created UK Consumer Champions Limited and I'm fundraising to fund this business for the first three-to-six months whilst we find alternative funding. Initially, it'll just be me in this business, but as funds come in I will look to expand the company and take on more experts in each field to help guide our regulators toward making the right decisions for our finances.

Any support anyone offers would be greatly appreciated. If you have any questions or want to talk to me about specifc consultations we should be getting involved with, please email me on [email protected].

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