Ofgem

British

/ ˈɒfˌdʒɛm /

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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The energy regulator Ofgem will set the July cap on energy bills for households on 27 May, based on wholesale prices in March, April and May.

From BBC • Mar. 20, 2026

The energy regulator, Ofgem, uses gas as "the marginal source of power", which sets prices for wholesale electricity in the UK.

From BBC • Mar. 19, 2026

In response, Ofgem said it wants all energy firms to offer at least one tariff that has a low standing charge but higher cost per unit of energy.

From BBC • Mar. 16, 2026

Tesla Energy Ventures secured a license from Britain’s energy regulator, Ofgem, to supply electricity to consumers in England, Scotland, and Wales.

From The Wall Street Journal • Mar. 12, 2026

Tesla Motors, a separate company incorporated in England and Wales, received an electricity generation license in 2020, though Ofgem said that permit wasn’t relevant to Tesla Energy Ventures’ application to supply electricity.

From The Wall Street Journal • Mar. 12, 2026

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023