Ofgem's Board has extended Jonathan Brearley's term as Chief
Executive Officer (CEO) to 31st January
2030.
Mark McAllister, Chair of Ofgem,
said:
“Jonathan has led Ofgem through unprecedented challenges over the
past five years: the fallout from COVID-19, energy market
turbulence and the price shock following Putin's invasion of
Ukraine.
“He and his senior team have shown great dedication in stepping
up to meet these challenges, whilst establishing the foundations
required to create a clean power electricity system to get us to
net zero by 2050 - the biggest ever transformation of the energy
industry.
“This has involved developing and executing vital changes in how
we plan, build, and supervise the roll out of new energy
infrastructure, at a pace not seen for decades, while also
reshaping a retail market that can be innovative and dynamic for
customers.
“At the same time, Jonathan has taken tough measures to ensure
suppliers meet the high standards consumers rightly expect, while
stamping out bad practice wherever it exists. I am confident that
Jonathan will continue to put the consumer at the heart of
everything we do, not hesitating to tackle bad behaviour by using
the powers we have at our disposal.”
, CEO of Ofgem,
said:
“It has been a privilege to lead Ofgem over the last five years –
and I'm excited by the challenge of the next five. Ofgem plays a
pivotal role in delivering a low carbon future for the country
and I am both committed and motivated to lead us through this,
alongside a strong board and leadership team.
“During my tenure and since the energy crisis, Ofgem has
stabilised the supplier market and put in place a stronger
financial regime for the sector, all while strengthening our
powers to protect consumers. As the energy landscape evolves, we
need to consider what our role as the regulator looks like in
both the near and distant future. Ministers are looking at how to
strengthen Ofgem further, which is crucial as we look at
fundamental changes to how the energy sector works in the
UK.
“The government's 2030 target for a clean electricity grid is
tough but achievable, if everyone plays their part. We have plans
in place to get there at the lowest possible cost for consumers
and businesses, while unlocking the private investment needed to
expand the grid and generate more clean power.”
The Energy Secretary has extended Mr Brearley's appointment to
Ofgem's Board, the Gas & Electricity Markets Authority (GEMA)
while he is the CEO. Mr Brearley continues as Ofgem's Accounting
Officer.
The Government has also extended the terms of two non-executive
directors on GEMA - Myriam Madden to 31st March 2025
and Barry Panayi to 16th March 2027
Background
