Ofgem reorganisation
Press release
- Publication date
Ofgem will be putting in place a new streamlined organisational structure in April so it can better focus on protecting consumers. This is ahead of the regulator’s move to the new Government hub building at South Colonnade, Canary Wharf in London. The regulatory functions will be streamlined into three divisions:
- Consumers and Markets will look after the interests of consumers in the energy market. Its remit will include both wholesale and retail markets as well as enforcement.
- System Operation and Networks will focus resources on the next round of network price controls due to start in 2021 and ensuring maximum benefits for consumers from the rapid changes in the energy system.
- Corporate & Scheme Services will provide business support services to Ofgem and run environmental schemes for Government.
Andrew Wright, senior partner for Energy Systems, and Chris Poulton, managing director for E-Serve, have decided to leave the organisation over the next few months.
Dermot Nolan, chief executive, said: “I would like to thank Andrew Wright and Chris Poulton for their enormous contribution to Ofgem. I have appreciated their support during my time at Ofgem and wish them well in their future careers.”
Ofgem will publish more details on the reorganisation in March ahead of the reorganisation taking place in April.
Further information
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