Office of Gas and Electricity Markets
The Office of Gas and Electricity Markets (Ofgem) is the regulator for the electricity and gas markets in Great Britain. Its primary role is to protect the interests of consumers by ensuring that energy supply is reliable, affordable, and sustainable. Ofgem oversees the operation of the energy market, promotes competition, and enforces regulations to maintain fair practices among energy providers.
Ofgem also plays a crucial role in facilitating the transition to a low-carbon energy system. It supports initiatives related to renewable energy sources and energy efficiency, helping to reduce greenhouse gas emissions. By working with various stakeholders, including the government and energy companies, Ofgem aims to create a secure and environmentally friendly energy future for consumers.