- With over 40 years’ experience in the energy industry, Mark
McAllister will boost the regulator’s work to build an energy
market fit for the future
- Appointment follows endorsement by the Energy Security and
Net Zero Select Committee
- Mark McAllister will succeed Martin Cave on 6 November
Mark McAllister is today (2 November 2023) confirmed as the next
Chair of Ofgem - strengthening the government’s work to build a
more secure and affordable energy system.
The incoming Chair will take up the role at an important time for
regulator Ofgem as they work to reform the energy market to best
serve consumers.
Responsible for protecting consumers from high energy bills,
restoring confidence and resilience in the retail market, and
supporting progress towards net zero, Mr McAllister’s leadership
will help shape Ofgem’s work in years ahead.
He will also work closely with the government to support more
households to move towards cleaner, cheaper energy generated in
the UK.
The Energy Security and Net Zero (ESNZ) Select Committee
approved the appointment, following a hearing in October.
Energy Security Secretary said:
I am pleased Mark McAllister is set to take up the position of
Ofgem Chair, bringing over 40 years of outstanding experience in
the energy industry to the role.
By working together with Ofgem, we will continue to ensure the
energy market works for consumers, delivering lower bills and
cleaner energy – with prices already down 55% since their peak.
Incoming Chair of Ofgem Mark McAllister said:
Energy prices, security of supply and decarbonisation of the
energy system are some of the most important challenges facing
the UK today and which Ofgem plays a key role in addressing.
I am looking forward to working with the new Board, management
and entire Ofgem team to protect energy consumers and to help
realise a net zero energy system through both our regulatory and
delivery responsibilities.
I am keen to engage with all stakeholders, including industry,
consumer groups and charities to find the best solutions to the
challenges we face together.
The government is continuing to provide targeted support this
winter, including £150 off energy bills for over three million
households through the Warm Home Discount, alongside Winter Fuel
and Cold Weather payments.
This comes on top of £900 cost of living support for those in
need, as well as nearly £40 billion to cover around half a
typical household’s energy bill last winter.
Working in conjunction with the Ofgem price cap, the government’s
Energy Price Guarantee also remains in place until March 2024 to
help safeguard families from high costs.
Mr McAllister will take up his role on 6 November 2023.
Notes to editors
The Gas and Electricity Markets Authority (GEMA), or the
Ofgem Board, comprises non-executive and executive members, and a
non-executive chair. Members are appointed by the Secretary of
State for Energy Security and Net Zero.
