Would it set up a regulatory body--in the manner of Oftel, Ofgas
, etc--and if so, would it be called Ofkill?
Ofgem (the Office of the Gas and Electricity Markets) merged together Offer and Ofgas
, and was set up to promote competition and regulate monopoly.
However, British Gas took a step toward cost-reflective pricing, which Ofgas
(Office of Gas Supply) permitted, when in November 1994 it gave discounts to customers who paid by direct debit rather than quarterly in arrears.(18) In electricity, the spatial differentiation of pricing has increased since privatization as grid pricing has become somewhat more reflective of variations in transmission costs.
The regulator, a successor to Ofgas
, said the utility giants were free to increase prices on PromptPay, LatePay or Pre-Payment tariffs from next April.
Following the creation of Government regulators such as Ofgas
and Ofwat, gambling industry figures anticipate the arrival of "Ofbet".
Marketing firm Utilities Ltd was barred by gas regulators Ofgas
from continuing its activities as a direct result of our findings.
GOMB was the national approval agency in the UK (it is now called Ofgas
Ofgem - the Office of Gas and Electricity Markets - will replace the former separate gas and electricity regulators Ofgas
and Offer, energy minister John Battle announced yesterday.
He can call an election whenever he likes and appoint judges, bishops and the boss of OFWAT, OFGAS
and the Tote.
, the industry regulator, has issued stern warnings that new suppliers who use high pressure sales techniques to win business could lose their licences.
They head offices which have become well-known by their abbreviations: Oftel (the Office of Telecommunications), Ofgas
(the Office of Gas Supply), Offer (the Office of Electricity Regulation)' Ofwat (the Office of Water Services).
The 1986 Gas Act established a Regulator, the Director General of Gas Supply, and Office (known as Ofgas
) from August, and the industry's shares were sold in November 1986.