Our strategy
Published in March 2024, Ofgem’s Multiyear Strategy ‘Protect, Build, Change, Deliver’ sets out our priorities for the next 5 years and beyond. The Multiyear Strategy includes our regulatory work and the administration of low carbon energy and social schemes that we deliver on behalf of the government.
Our strategic priorities are:
- shaping a retail market that works for consumers
- enabling infrastructure for net zero at pace
- establishing an efficient, fair and flexible energy system
- advancing decarbonisation through low carbon energy and social schemes
- strengthening Ofgem as an organisation
Download our strategy
New developments
Since publishing our Multiyear Strategy there have been significant developments in the energy sector.
Clean Power 2030
The government has announced its intention for Britain to achieve a clean power system by 2030. They have also highlighted their primary mission to ‘kickstart economic growth’. We have an important role to play in the success of both of these missions as reflected by our Forward Work Programme.
A review of Ofgem
On 19 December 2024, the Department for Energy Security and Net Zero (DESNZ) announced a comprehensive review of our role, powers, duties and the scope of what we regulate. The review, which is currently underway, aims to:
- strengthen our role in supporting consumers and protecting households from poor service
- continue to support growth and innovation in the energy sector
We expect DESNZ to share its findings in spring 2025.
Read our response to the Ofgem review.
Changes to our strategy
We are committed to regularly reviewing our Multiyear Strategy and making sure it is responsive to changes in government policy, new developments in the energy sector and any changes to our role and responsibilities.
While the government's review of Ofgem may mean we need to make future changes to our strategy, we believe our priorities and objectives for this year are still aligned with the energy sector's needs.
Our annual plan
Our Forward Work Programme sets out the work we will do in the coming year to meet our strategic objectives.
Read our Forward Work programme for 2025 to 2026.