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/.
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- Networks fit for net zero 31 July 2020We have just 30 years to reshape network infrastructure to support a carbon-neutral economy by 2050.
- Unlocking a greener, fairer energy network 23 July 2020Why we think energy networks can go further for consumers, on lower returns, while delivering on the UK’s green ambitions.
- Ofgem launches new, enhanced Energy Regulation Sandbox service 20 July 2020Deputy Director, Neil Barnes explores how Ofgem is helping drive a smarter, more flexible low carbon system with its enhanced Energy Regulation Sandbox service.