Ofgem corporate update

11 Dec 2018 01:54 PM

Dermot Nolan, Chief Executive of Ofgem, has announced his intention to stay in his post until the end of February 2020. His appointment by the Secretary of State to the Gas and Electricity Markets Authority has been extended to that date.

The Department for Business, Energy and Industrial Strategy (BEIS) have also announced that John Crackett will be appointed as a Non-Executive Director for Ofgem.

Ofgem’s Chairman Martin Cave said: “I am delighted that Dermot has agreed to stay on longer than his original appointment to GEMA, in to continue to deliver our work to protect consumers’ interests in the energy market. 2019 will see us bed in the price cap which will benefit over 11 million consumers, and it is very good news that Dermot is committed to stay on and oversee this and other important reforms to the energy market.

“I am also pleased to welcome John Crackett, who brings a wealth of experience of the energy industry to the board.”

Notes to editors

• Mr Crackett is a Chartered Engineer, who spent his early career designing, building and operating power stations. Subsequently he has run IT, business services and energy services businesses for international energy companies. His last full-time role in the sector was as managing director of Central Networks, the UK’s second-largest distributor of electricity, then owned by E.ON UK. He retired from the E.ON UK board in 2011. He has held non-executive roles at the Office of Nuclear Regulation and in a telecoms company. He has also been a member of the Army Board, he advises MOD on electricity generation and distribution, and is involved in housing and veterans’ charities.