Ofgem appoints new managing director

Switch energy supplier to cut your winter bills down to size

 
Compare energy deals and switch to save up to £477* on your bills

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

*Between 1 Jan 2019 and 30 June 2019, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £477 or more.

Energy regulator Ofgem has announced that it has appointed a new managing director of networks, to take over from the soon-to-depart current position-holder David Grey.

Steve Smith, who is at present managing director of markets, will fill the post - and Ofgem says that it is looking to recruit someone to fill his current position when he leaves to take over from Mr Gray.

Mr Gray has been with Ofgem for close to five years and will have "overseen the price controls for all the monopoly distribution and transmission companies, in both gas and electricity, by the time he finishes in December", Ofgem states.

Commenting on his departure, the regulator's chief executive Alistair Buchanen said: "David Gray's stewardship of the Networks Division, and in particular the delivery of the price controls, has been at an extraordinarily high level of professionalism and delivery. He has ensured that Ofgem's price controls have delivered over £15 billion of investment into Britain's energy networks while keeping costs to consumers as low as possible."

"Steve Smith's move to networks comes at an exciting time for the division with an increasing focus on the development of a new regime for offshore wind, reform of access to electricity transmission networks and distributed generation - as well as the price controls," he added.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more