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Ofgem, the Office of Gas and Electricity, operates under the direction and governance of the Gas and Electricity Markets Authority. report for period 1 April 2009 to 31 March 2010. Ofgem's resource accounts for 2009-10 are published separately (HC 26, ISBN 9780102966657). On cover: Change, challenge and the consumer
This latest annual report from OFGEM covers the period 1 April 2002 to 31 March 2003. The primary aim of this organisation is to encourage competition in the markets for gas and electricity. Under the auspisces of the Competition Act, OFGEM acts as a regulator, in matters of price and supply. This period of the annual report covers the first year review of the new electricity trading arrangements, which by March 2003, had contributed to boosting business competitiveness in Britain by £1.8 billion; modifications to industry codes; the development of legislation and measures tp create British-wide electricity trading and transmission arrangements; new long term gas entry capacity auctions; and promotion of offshore arrangements.
Known as FReM. Amendment to main edition published in August 2011 (with binder ISBN 9780115601477)
Dated November 2012
Ofgem, the Office of Gas and Electricity, operates under the direction and governance of the Gas and Electricity Markets Authority
There are two main energy challenges: tackling climate change by reducing carbon dioxide emissions; and ensuring clean and affordable energy as the country becomes increasingly dependent on imported fuel. These challenges have to be met against the backdrop of rising fossil fuel prices; slower than anticipated liberalisation of the EU energy markets; heightened awareness of the risk arising from remaining oil and gas reserves being concentrated in a few geographical regions; and a need for substantial new investment in power stations, the electricity grid and gas infrastructure. This White Paper sets out the Governments international and domestic strategy to address these challenges and ways to implement the Energy Review of 2006 and the 2006 Pre-Budget Report. There is a separate consultation document on nuclear power.
The May 2007 White Paper "Meeting the energy challenge: a white paper on energy" (Cm. 7124, ISBN 9780101712422) set out the Government's international and domestic strategy to address the two main challenges: tackling climate change by reducing carbon dioxide emissions; and ensuring clean and affordable energy as the country becomes increasingly dependent on imported fuel. An online consultation on nuclear power and the role of the private sector: www.direct.gov.uk/nuclearpower2007 was produced at the same time. This White Paper sets out the Government's decision taken in response to the consultation. The Government believes it is in the public interest that new nuclear power stations should...
This new edition incorporates revised guidance from H.M Treasury which is designed to promote efficient policy development and resource allocation across government through the use of a thorough, long-term and analytically robust approach to the appraisal and evaluation of public service projects before significant funds are committed. It is the first edition to have been aided by a consultation process in order to ensure the guidance is clearer and more closely tailored to suit the needs of users.
In June 2005, the National Grid plc sold four of the eight regional gas distribution networks in Britain for £5.8 billion (those covering Scotland, Wales and the north, south and west of England). The Office of Gas and Electricity Markets (Ofgem), the industry regulator, controls the licenses for operation of these networks; and in making its recommendation on their sale, Ofgem's primary statutory responsibility was to protect the interest of consumers. This NAO report finds that Ofgem successfully fulfilled its duty in relation to the sales, and in seeking to maintain a stable regulatory framework and manage future risks. The sales should help encourage price competition and more efficient working practices, and help deliver potential savings to customers. However, the projected benefits to consumers are subject to uncertainty, given that they are forecast over a long time frame. The report makes a number of recommendations designed to highlight lessons learned in relation to: calculating customer benefits; the internal management of projects involving sales and mergers; and protecting the consumer interest in the future.
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