Ofgem Launches UK Energy Network Video Guide

On October 8, Ofgem launched a new animated video explaining the importance of the UK energy network and the role Ofgem plays as its regulator.

With one fifth of a household’s energy bill going to keeping the energy network running, it’s essential that Ofgem explains to consumers the crucial role it plays in getting gas and electricity to homes and businesses.

As the regulator, our role is controlling the cost of running the network. We make sure the companies offer value for money and keep the system safe and reliable. The companies running the network also need to ensure that Britain is ready for a more sustainable future.

Key facts included in the video:

• By 2015, £80 billion will have gone into network improvements since privatisation
• Network costs are 17% lower in 2014 than they were before privatisation (excluding inflation)
• Since 2002, there’s been a 30% drop in power cuts.

Martin Crouch, senior partner for transmission said: “The launch of today’s video is a further step in our drive to improve transparency in the energy industry. The pipes and wires that make up the energy network are vital parts of the process that ensures we can all carry out all the daily activities we take for granted such as watching the TV or cooking our dinners.” 

Watch the video:

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