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Ofgem
/ ˈɒfˌdʒɛm /
noun
- Office of Gas and Electricity Markets: a government body formed in 1999 by the merger of the separate regulatory bodies for gas and electricity; its functions are to promote competition and protect consumers' interests
Example Sentences
It follows a fine issued by energy regulator Ofgem to Morgan Stanley over calls made on private phones over WhatsApp - breaching rules on record-keeping.
It also said that a recent customer experience survey by Ofgem “found no statistically significant differences” in the proportion of customers reporting that their meter was not sending readings to their suppliers for areas in, or predominantly in, the north.
They would need to be approved by the energy regulator Ofgem, with connections intended to start by the end of 2025.
A Department for Energy Security and Net Zero spokesperson said it planned to submit proposals for reform to Ofgem by the end of the year.
This year, Ofgem put the size of the existing queue at 701 GW, and it’s expected to reach 800 GW by the end of 2024, which is far more than the UK would need by 2050.
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