General InformationOfgem is the regulatory authority for gas and electricity markets in Great Britain, employing over 500 staff and established in 1999 as a non-departmental public body.
Funding & FinancialsOfgem is a government regulatory agency funded through licence fees from energy companies rather than traditional venture funding or public markets.
Leadership & TeamLed by Chief Executive Jonathan Brearley as of recent years, with a governance structure including an executive team overseeing regulation, consumer protection, and market operations.
Recent ActivityOfgem recently implemented energy price cap adjustments and continued regulatory framework updates for renewable energy integration and net-zero transition compliance.