Who are Ofgem?

The Office of Gas and Electricity Markets (Ofgem) is a regulatory body in the United Kingdom that regulates monopoly companies that run gas networks. This helps to put prices under control, as well as enforcing decisions for improvements on energy efficiency so they meet environmental standards.

OfGem is responsible for:

  • working with government, industry and consumer groups to deliver a net-zero economy, at the lowest cost to consumers
  • stamping out sharp and bad practice, ensuring fair treatment for all consumers, especially the vulnerable
  • enabling competition and innovation, which drives down prices and results in new products and services for consumers.

OfGem work within a statutory framework agreed by Parliament, which outlines the duties expected of the organization as well as granting them the powers they need to achieve each objective set.

It is the government’s responsibility to set and propose changes for energy policy. They have a clear role in supporting policies such as decarbonization, but they do not direct overall policy within this sector. However, when there are important gaps that affect consumers present OfGem are in place and can call those out so that there is further awareness around this issue.

Previously known as our Executive Director of Systems and Networks in April of 2018, February of 2020 saw Jonathan Bearley nominated as their own Chief Executive.

Having earned a Bachelor’s degree in Mathematics and Physics from Glasgow University, he later went on to earn a Masters degree in Economics from the University of Cambridge.

Jonathan is a go-getter with strong ties to the energy sector. He has led Electricity Market Reform as the Director for Energy Markets and Networks at DECC, where he developed Climate Change Act legislation before moving on to lead a cross-government strategy unit focussed on climate change and energy issues in his role as head of Office of Climate Change.

Jonathan’s wide portfolio experience includes work that spans both policy development (as leader) and implementation efforts like leading electricity market reform.

DECC, where he developed Climate Change Act legislation before moving on to lead cross-government strategy unit focussed on climate change and energy issues in his role as head of Office of Climate Change.

Jonathan’s wide portfolio experience includes work that spans both policy development (as leader) and implementation efforts like leading electricity market reform.

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