Fuel Sector Regulation
Pursuant to the Utility Regulation and Competition (URC), Dangerous Substances (DS, and Fuels Market Regulation (FMR) laws, the primary responsibilities and objectives of OfReg - Fuels are:
- Monitors competition and ensure economic efficiency of the markets within the fuel sector, and take such action as it deems necessary to promote and sustain competition. Product quality is key component of this function of the Office.
- To assess whether the fuels and compressed gas industries are adequately managing their obligations to safeguard environment, health, and safety through regular inspections of bulk storage terminals, service stations, marinas, utility companies, LPG facilities, compressed air facilities, industrial and wholesale tanks and vehicles transporting fuels. Fuels (Inspectorate) is also a member of the National Emergency Response and Marine Spill Response Teams, which involves key functions such as investigating reports of accident and spillage relating to fuels.