The Office of Gas and Electricity Markets (OfGEM) is established as a non-ministerial government department and an independent National Regulatory Authority, recognised by EU Directives. OfGEM’s role is to protect consumers now and in the future by working to deliver a greener, fairer energy system.
Principally, OfGEM achieves this by:
- working with Government, industry and consumer groups to deliver a net zero economy at the lowest cost to consumers.
- stamping out sharp and bad practice, ensuring fair treatment for all consumers, especially the vulnerable.
- enabling competition and innovation, which drives down prices and results in new products and services for consumers.
OfGEM works effectively with, but is independent of, the government, the energy industry and other stakeholders within a legal framework determined by the UK government and the European Union.
The Office of Gas and Electricity Markets (OfGEM) is governed by the Gas and Electricity Markets Authority (GEMA).
Find out more about OfGEM by visiting https://www.ofgem.gov.uk/.
Latest News from OfGEM
- The CCDG is consulting on their detailed Target Operating Model design proposals and impact on industry code documents17 December 2020The Elexon-chaired Code Change and Development Group has published a consultation on the detailed design of the Target Operating Model, and associated impact on the industry code documents, to enable market-wide half-hourly settlement.
- Preparing for an accelerating, decentralised energy system17 December 2020A blog on the importance of our new methodology for RIIO-ED2, setting the next price controls for Great Britain’s local electricity distribution networks.
- Ofgem’s strategy to deliver a greener, fairer future15 December 2020Neil Kenward, Ofgem's director of strategy and decarbonisation explains our strategic priorities and draft 2021/22 forward work programme.
- Investing in the future of energy11 December 2020Ofgem's Jonathan Brearley on investing in the future of energy, boosting innovation and reaching net zero.
- Ensuring suppliers can continue to serve customers during COVID-1920 November 2020A blog on how the coronavirus has resulted in households struggling with energy bills and suppliers dealing with rising debts.