David Gray has been picked as the preferred candidate to replace Lord John Mogg as chairman of the Gas and Electricity Markets authority.
Gray, who advised on the privitisation of British Gas and the electricity sector, has been named as the preferred candidate for the post ahead of Lord Mogg stepping down in October.
“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,” he said.
The five-year appointment, which comes with a £162,837 annual salary, will see him head up the body which provides strategic advice to energy industry regulator Ofgem.
“The energy sector will face a number of significant challenges in the coming years, with the need to secure major investment in new infrastructure while keeping bills down for consumers,” said energy secretary Ed Davey, who led the selection process.
“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.”
The UK Parliament’s energy and climate change select committee will now look at the nomination.
Recommended for you
