Wednesday, February 08, 2006

Office of Gas and Electricity Markets

Office of Gas and Electricity Markets[EXTRACT]

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The Office of Gas and Electricity Markets (Ofgem), working for the Gas and Electricity Markets Authority (GEMA), is the government regulator for the electricity and downstream natural gas markets in Great Britain. It was formed by the merger of the Office of Electricity Regulation (OFFER) and Office of Gas Supply (Ofgas). Its primary duty is “to protect the interests of [electricity and gas] consumers [...] wherever appropriate by promoting effective competition".

Its main powers derive from the Gas Act 1986, the Electricity Act 1989, the Competition Act 1998, the Utilities Act 2000, the Enterprise Act 2002 and the Energy Act 2004.

See also

External link

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