Energy industry regulator Ofgem has named the former head of its Irish counterpart as its new chief executive.
Dermot Nolan, who has been chairman of Ireland’s Commission for Energy Regulation in Ireland since 2011, will take over as chief executive of Ofgem from March next year.
The economist, who had been a commissioner with the Irish energy regulator since 2008, will replace Alistair Buchanan after he stepped down from the role earlier this year.
Ofgem market boss Andrew Wright had been acting chief executive in the interim.
“We are delighted to announce this appointment following an open competition which saw a strong field of candidates,” said Ofgem chairman David Gray.
“Dermot Nolan joins us at a challenging time for the energy industry, and for our work in regulating the sector to protect the interests of consumers, present and future.
“Dermot’s economic background and wide experience of regulation and competition matters will equip him well for his role as our next Chief Executive. We look forward to working closely with him and offer our warm congratulations.”
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