Ofgem response to today’s Guardian article

Correspondence and other

Publication date

Industry sector

Supply and Retail Market

The article “Energy regulator is out of touch over climate crisis, say businesses” ignores the fact that Ofgem’s principal duty, enshrined in statute, is to protect the interests of energy consumers both now and in the future, including from damaging climate change by reducing greenhouse gases.

Ofgem’s regulation of Great Britain’s energy networks has facilitated the huge expansion of renewable electricity generation over the last decade and we are working with the government and other stakeholders to help decarbonise how we heat our homes and businesses and transport, particularly through electric vehicles.

This month Ofgem published its new corporate vision which set out our objective of helping decarbonise the economy at the lowest cost to consumers in support of the recently passed legislation enshrining in law the target of net zero carbon emissions for the UK by 2050. Ultimately Government is responsible for setting the policy for the energy sector and proposing any changes to Ofgem’s statutory framework.