Proper noun
Ofgem
(Britain) Abbreviation of Office of Gas and Electricity Markets.
Energy regulator Ofgem has said that the Big Six energy firms will undergo a competition investigation to find out “once and for all” whether rising prices are due to lack of effective competition in the energy market. Source: Internet
Ofgem, the FCA, Ofcom and the accountancy watchdog: the race to bare teeth has become of paramount importance for a clutch of regulators often accused of being captured by those they supervise. Source: Internet
A spokesperson for Ofgem said: “We cannot comment on the allegation as it is a matter for UKPN. Source: Internet
Ofgem adjusts the level of the cap twice a yearbased on a pre-defined methodology set by the Competition and Markets Authority to reflect the estimated underlying costs of supplying energy. Source: Internet