Ofgem
noun
uk/ˈɒfdʒem/usGOVERNMENT
abbreviationforOfficeof the Gas and Electricity Markets: anofficialorganizationin the UK thatcheckswhethergasandelectricitycompaniesareobeyinggovernmentrules:
Ofgemcriticizedsevengascompaniesforbreakinggastradingrulesinordertodriveupprices.