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Ofgem is the regulator for Britain's gas and electricity industries. Its role is to protect and advance the interests of consumers by promoting competition where possible, and through regulation only where necessary.
Ofgem operates under the direction and governance of the Gas and Electricity Markets Authority, which makes all major decisions and sets policy priorities for Ofgem. The authority's role in the management of Ofgem is set out in its rules of procedure.
The Regulators powers are provided for under the Gas Act 1986, the Electricity Act 1989, as amended by the Utilities Act 2000. It also has enforcement powers under the Competition Act 1998.
"The Joint
Office of Gas Transporters was created as part of the distribution
network sales process in May 2005, and the governance requirements of
the Joint Office are contained within the Joint Governance Arrangement
Agreement.
Its role is to provide, on behalf of the gas transporters, an efficiently
administered governance of the processes for modifying the commercial
regime that underpins the gas industry. Information relating to modifications
(proposed and implemented) to the Uniform Network Code (UNC) is published
on its website at: www.gasgovernance.co.uk "
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