How OFGEM Protect You

By Helen Raymond
Published on 22 Nov 2007
AddThis Social Bookmark Button
The regulatory powers of Ofgem, the office of the gas and eltricity markets, explained.

Ofgem is the Office of the Gas and Electricity Markets, regulating the gas and electricity industries in Great Britain. Ofgem's aim is to bring choice and value to all gas and electricity customers by promoting competition and regulating monopolies.

Ofgem is governed by the Gas and Electricity Markets Authority and its powers are provided for under the Gas Act 1986, the Electricity Act 1989 and the Utilities Act 2000.

Everything that Ofgem does is designed to promote and protect the interests of gas and electricity customers. Ofgem licences and monitors the gas and electricity companies, taking action where necessary to ensure compliance. Its main tasks are to:

  • Promote competition in all parts of the gas and electricity industries by creating the conditions which allow companies to compete fairly and which enable customers to make an informed choice between suppliers
  • Regulate areas of the gas and electricity industries where competition is not effective by setting price controls and standards to ensure customers get value for money and a reliable service.
  • Governance

To view the Utilities Act in whole, on-line, at the Stationery Office's web-site go to: http://www.legislation.hmso.gov.uk/acts/acts2000/20000027.htm

[Back to top of article]
Gas, Electricity & Water Guide

The Authority determines strategy and decides on major policy issues. It is made up of non-executive and executive members. More information about its composition can be seen on the Authority page.

The Authority may regulate its own procedures and has adopted Rules of Procedure.

Source: Ofgem website, Dec 2001

Contacting Ofgem

Ofgem's London office is located at:

9 Millbank, London SW1P 3GE

Telephone: 020 7901 7000

Fax: 020 7901 7066

or if you live in Scotland:

Regents Court, 70 West Regent Street, Glasgow, G2 2QZ

Telephone: 0141 331 2678

Fax: 0141 331 2777

Latest Gas, Electricity & Water Articles & News

Gas, Electricity & Water Articles

Fuel Voucher Plan 'To be Unveiled in Autumn'
Fuel Voucher Plan 'To be Unveiled in Autumn'

Gordon Brown is to give some families £100 vouchers to help them pay for heating costs, reports suggest.

Water Prices 'Will Rise Above Inflation'
Water Prices 'Will Rise Above Inflation'

Tap water will become noticably more costly for most, latest company data from suppliers shows.

Ministers Plot Fuel Bill Help for Poor
Ministers Plot Fuel Bill Help for Poor

The government is to roll out a new home insulation scheme to cut bills - but is holding off from making more radical changes.

British Gas Bill Hikes Slammed
British Gas Bill Hikes Slammed

Strong criticism of the firm has been issued from groups including energywatch and Age Concern.

British Gas Hikes Bills
British Gas Hikes Bills

An unprecedented 35 percent bill increase for gas has been imposed by Britain's biggest energy provider.

Replacing Fridges 'Can Save on Energy Bills'
Replacing Fridges 'Can Save on Energy Bills'

As fuel prices rise, householders have been advised to replace older, more inefficient cold appliances.

MPs See 'Real Problems' in Energy Sector
MPs See 'Real Problems' in Energy Sector

Rising costs store up problems for the economy as a whole, a parliamentary committee has suggested.

Ofgem Announces 'Fuel Poverty-Reducing' Move
Ofgem Announces 'Fuel Poverty-Reducing' Move

Some tariffs must be cut, the watchdog demands - while another energy producer announces a hike in bills.

Popular Related Articles

White mobile phone
Free T-Mobile SIM CardsGet 2 T-Mobile pay-as-you-go SIM cards and £10 weekend credit for free.

Latest Related Headlines

Fuel Voucher Plan 'To be Unveiled in Autumn'
Fuel Voucher Plan 'To be Unveiled in Autumn'Gordon Brown is to give some families £100 vouchers to help them pay for heating costs, reports suggest.

Other Money Headlines

FSA Warns Investors Over Cold-Calling
FSA Warns Investors Over Cold-CallingCold-callers are contacting people who previously invested in a "boiler room" stockbroker.
RSS FeedGas, Electricity & Water News
RSS FeedLatest Headlines
Free Services Weekly Money Email
The Week's Biggest Money News and Money Saving Tips sent directly to your inbox...
Enter your email:
Find Companies RELATED GUIDES RSS Feeds - Subscribe!
Site Map | Privacy Policy | About Us | Contact Us
money.co.uk is a trading name of Dot Zinc Limited, who are authorised and regulated by the Financial Services Authority. FSA Registration Number: 415689.
Copyright © www.money.co.uk / Dot Zinc Limited 2002-2008. All rights reserved.
Home | Login | Sign Up