The next chairman of Ofgem has been named as David Gray, subject to approval from energy secretary Ed Davey. The former Ofgem senior manager will be appointed on the 1st October this year.
Gray’s response to the news was: “The next few years will be crucial for energy regulation and I very much look forward to working with Ofgem’s excellent staff to help it promote quality and value for all consumers while continuing to play a full role in helping to build a low carbon energy sector and maintaining security of supply.”
The Energy Secretary Ed Davey said “David has an excellent track record in economic regulation, including a previous role on Ofgem’s senior team, and also has extensive and invaluable experience of the energy sector.”
Lord Mogg, the outgoing chair added “This is an important time for Ofgem in discharging its duty to protect consumers.
“Ofgem’s reforms for a simpler, clearer and fairer energy market are near implementation and our RIIO price controls are already unlocking £30 billion of investment in our energy networks.”
Gray was the Managing Director for Networks at Ofgem from 2003-2007, then went on to become a member of a panel advising the Department of Transport on the economic regulation of airports.
He also lead a review of Ofwat on behalf of the Department for Environment, Food and Rural Affairs (Defra) and the Welsh Assembly Government, in addition he is currently a member of the Civil Aviation Authority.
The contract will for 5 years with a salary of £162,837 for a time commitment of 3 days per week.