Ofgem appoints Jonathan Brearley as chief executive
Mr Brearley will take over from Dermot Nolan in February, the regulator has announced.
Ofgem has appointed Jonathan Brearley, its current executive director for systems and networks, as chief executive.
Mr Brearley, who has for the last 18 months led the team which regulates the prices that distribution networks can charge, will take over from Dermot Nolan at the end of February.
Ofgem chairman Martin Cave said: “Ofgem’s role is to ensure that consumers, especially the vulnerable, are protected from sharp practice and receive fair treatment.
“Jonathan has impressed me with his wholehearted commitment to this aim. Our current network price control proposals for network companies, that he has led, are on track to play their full part in decarbonising the economy and to save consumers around £6 billion from 2021.
“Jonathan’s many years of experience in the energy industry and of climate change mean that he is also well placed to ensure that Ofgem plays a key role in delivering a net-zero economy at the lowest cost to consumers.”
Mr Cave added: “I would also like to take this opportunity to thank Dermot Nolan on behalf of the board for his enormous contribution he has made as our chief executive during the start of this energy revolution.
“I also appreciate the fact that he agreed to extend his contract by 12 months to introduce the retail price cap and so benefit over 15 million consumers, who will see their bills fall on average by £75 this month.”
Before joining Ofgem, Mr Brearley ran a consultancy company focused on regulatory issues and commercial strategy. This involved work on projects such as the designing of market reforms in India and projects supporting decarbonisation.
As director of electricity markets and networks at the Department of Energy and Climate Change (DECC), he led the delivery of the Governments’ Electricity Market Reform (EMR) programme.
He joined DECC from the Office of Climate Change where he was the director leading the development on the Climate Change Act.
Mr Brearley said: “Ofgem has a key role to play in protecting consumers and supporting the transition to a ‘net-zero economy’ by 2050, which will see the most dramatic change in energy for generations.
“For Ofgem to do so effectively in a rapidly changing market, it is imperative that we improve our ability to act quickly and robustly to protect consumers.
“Equally, as a father in a mixed-race family, I know that we and the industry need a greater diversity of talents and perspectives if we are going to be able to deliver for all the different consumer groups we work for.”