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English definition of “Ofgem”


noun     /ˈɒfdʒem/
GOVERNMENT abbreviation for Office of the Gas and Electricity Markets: an official organization in the UK that checks whether gas and electricity companies are obeying government rules: Ofgem criticized seven gas companies for breaking gas trading rules in order to drive up prices.
(Definition of Ofgem noun from the Cambridge Business English Dictionary © Cambridge University Press)
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