Ofgem

Ofgem, the Office of Gas and Electricity Markets, is the regulator for the electricity and gas markets in Great Britain. Established in 1999, Ofgem’s primary role is to protect the interests of consumers by promoting competition and ensuring that energy supplies are secure, affordable, and sustainable.

With a commitment to achieving net-zero emissions by 2050, Ofgem plays a crucial role in facilitating the transition to a low-carbon energy system. The organisation works closely with various stakeholders, including government bodies, energy suppliers, and consumer groups, to develop policies that support innovation and investment in renewable energy sources.

Ofgem also oversees the operation of the electricity and gas networks, ensuring they are efficient and reliable. This includes monitoring the performance of energy companies and enforcing compliance with regulations to maintain high standards of service.

In addition to its regulatory functions, Ofgem provides valuable information and guidance to consumers, helping them make informed choices about their energy usage and suppliers. The organisation is dedicated to enhancing consumer protection and addressing issues such as fuel poverty.

Through its initiatives, Ofgem aims to create a fair and transparent energy market that benefits all consumers, particularly vulnerable groups. The organisation is also focused on fostering innovation in the energy sector, encouraging the development of new technologies and business models that can enhance energy efficiency.

Overall, Ofgem is committed to ensuring that the energy market operates effectively and meets the needs of consumers while supporting the UK’s ambitious climate goals.