Security of supply is one of the pillars of government energy policy and forms one of Ofgem’s five strategic consumer outcomes; it brings benefits to consumers, the economy and to wider society. By delivering sufficient gas or electricity to meet demand, the energy market provides consumers and business with confidence they can get heat and power when they require it. Since liberalisation, Great Britain has had secure energy supplies with no gas deficit emergencies or significant deficits in electricity supply.
Ofgem helps secure Great Britain’s energy supplies by ensuring that gas and electricity markets work properly. We work to reduce or eliminate any barriers that stop the market functioning effectively, and we regulate and incentivise the gas and electricity System Operator – National Grid – to balance supply and demand. We work alongside the UK and national governments, who set the long-term direction for energy policy. The Government also has specific roles in areas such as determining levels of capacity to be purchased in the Capacity Market (CM).
In our latest State of the Energy Market Report we include an assessment on the security of our energy supplies.
For more information see: