Meaning of “Ofgem” in the English Dictionary


"Ofgem" in Business English

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uk /ˈɒfdʒem/ us

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” from the Cambridge Business English Dictionary © Cambridge University Press)