Ofgem

British  

/ ˈɒfˌdʒɛm /

noun

1. 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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Example Sentences

While household energy bills are set to fall in April under Ofgem's price cap, there is likely to be a big jump over the summer.

From BBC

Reeves acknowledged that gas usage would go up in the autumn – when Ofgem's current price cap for households in England, Scotland and Wales expires.

From BBC

For a household on a tariff governed by regulator Ofgem's price cap, and using a typical amount of gas and electricity, the annual bill will drop to £1,641.

From BBC

Energy bills for millions of people in England, Scotland and Wales are about to fall for three months from April under Ofgem's price cap, which is updated quarterly, but after this they are likely to increase because of the impact of the conflict.

From BBC

Jackson said households would "very likely" see higher energy bills from July when Ofgem's price cap, which is currently shielding millions of households, is reset.

From BBC