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Ofgem

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.01 sec.
Ofgem in Britain
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


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In a review of Britain's energy market, Ofgem said an investment of up to pounds 200bn is needed to secure supplies and meet environmental targets.
In a review of Britain's energy market, Ofgem said an investment of up to pounds 200bn is needed to secure supplies and meet environmental targets.
Ofgem also suggested there could be a return to tariff increases next year as it forecast wholesale energy costs to start rising again from the second quarter of next year.
 
 
 
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