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Office of Gas and Electricity Markets
This latest annual report from OFGEM covers the period 1 April 2001 to 31 March 2002. 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 introduction of NETA, New Electricity Trading Arrangements, which was set up to make the pricing of supply more competitive. The new market orientated system introduced by NETA, has brought a reduction in prices of 18%, while governance arrangements amongst suppliers made companies resilient enough to face market problems after the collapse of Enron. There are still matters to resolve though, especially the ongoing debate between the needs of a competitive energy policy, and the issues of sustainable development.
Office of Gas and Electricity Markets (Ofgem) Annual Report 2009-2010
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
Ofgem Annual Report 2003-2004
Under the auspices of the Competition Act, the Office of Gas and Electricity Markets (Ofgem) seeks to encourage competition in the markets for gas and electricity and acts as a regulator in matters of price and supply. This annual report covers its activities and performance in the period April 2003 to March 2004, during which time a new regulatory framework for imported gas was developed; work continued on the legal and policy framework to achieve GB-wide trading and transmission arrangements; and it achieved Investors in People accreditation.
Sale of Gas Networks by National Grid
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.
Government Financial Reporting Manual 2011-12
Known as FReM. Amendment to main edition published in August 2011 (with binder ISBN 9780115601477)
The Evolution of Electricity Markets in Europe
Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.
Meeting the energy challenge
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.
