Ofgem
Ofgem are the Office of Gas and Electricity Markets. They are a non-ministerial government department and an independent National Regulatory Authority recognized by EU Directives. Their principle objectives are to protect the interests of existing and future electricity and gas consumers, achieving this through:
- promoting value for money
- promoting security of supply and sustainability, for present and future generations of consumers, domestic and industrial users
- the supervision and development of markets and competition
- regulation and delivery of government schemes
Ofgem are independent of government, the industry and other stakeholders, and are governed by the Gas and Electricity Markets Authority (GEMA). The Authorities powers are provided for under the following:
- Gas Act 1986
- Electricity Act 1989
- Utilities Act 2000
- Competition Act 1998
- Enterprise Act 2020
- measures set out in a number of Energy Acts[1]
Examples of key interactions with the waste and resource sector under point 4 above includes the regulation and delivery of the Renewables Obligation Order, Contract for Difference, Feed in Tariff, and Renewable Heat Incentive. In respect of the demonstration of the renewable nature of the power generated (point 2 above, in respect of the different schemes in place) an annual sustainability report is required as part of demonstrating Biomass Sustainability and for larger projects this is measured on a monthly basis[2].