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Non-ministerial government department overview | |
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Formed | 1 November 2000 |
Preceding agencies |
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Jurisdiction | Great Britain |
Headquarters | 10 South Colonnade, Canary Wharf, London, E14 |
Employees | 1,187 |
Annual budget | For 2015–2016 Parliament approved through the Main Estimate a gross resource budget of £89.5 million[1] |
Minister responsible | |
Non-ministerial government department executive |
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Website | ofgem |
The Office of Gas and Electricity Markets (Ofgem), supporting the Gas and Electricity Markets Authority (GEMA, the Ofgem Board [2]), is the government regulator for the electricity and downstream natural gas markets in Great Britain.[3] It was formed by the merger of the Office of Electricity Regulation (OFFER) and Office of Gas Supply (Ofgas).