Martin Cave confirmed as Ofgem Chair
The Business and Energy Secretary, Greg Clark, has confirmed Martin Cave as the new Chair of Ofgem, the independent regulator of gas and electricity markets in Great Britain. Dr Cave will take up his position on 1st October 2018. Ofgem’s role is to protect the interests of existing and future electricity and gas consumers, promoting value for money, security of supply and sustainability.
Prior to taking on this role, Martin has undertaken a number of roles in government including as Economic Adviser to Ofcom between 2003 and 2006. He has been appointed to lead several high profile reviews within government, which is testament to his credibility in the sector.
Secretary of State for Business, Energy and Industrial Strategy, Greg Clark said: "We are determined to see active regulators who put consumers interest at the heart of their work, the appointment of Professor Cave to lead Ofgem will ensure that."
"Professor Cave has an impressive track record and is well respected for his work regulating the utility markets. I have no doubt he will use his wealth of expertise to protect consumers whilst we continue to build and upgrade our energy system to make it fit for the future."
This appointment has been endorsed by the Business, Energy and Industrial Strategy Select Committee following the pre-appointment hearing which took place on 3rd July 2018.
Martin Cave will take up his role as a Non-Executive Director (NED) of Ofgem until he becomes Chair on 1st October 2018. Lynne Embleton and Ann Robinson have also been confirmed as the new non-executive directors of the Gas and Electricity Markets Authority (GEMA), Ofgem’s governing body.
Lynne Embleton is currently the chief executive of IAG Cargo where she is leading transformation based on infrastructure investment, customer focus, culture and digital technology.
Ann Robinson is a noted consumer champion with significant experience in energy and consumer policy. They will join GEMA in the coming weeks.
About Ofgem
Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.
For further information visit https://www.ofgem.gov.uk/
