Energy watchdog Ofgem has confirmed Dermot Nolan as the new Chief Executive who will take on the role from March next year.
He has been a Commissioner at the Commission for Energy Regulation (CER) in Ireland since 2008 and its Chair since May 2011. CER is responsible for energy and energy safety regulation and the protection of consumers’ interests.
Mr Nolan replaces Alistair Buchanan, who stood down from the position in June. It had been temporarily filled by Andrew Wright but he pulled out of the race to become its permanent boss last month.
Ofgem Chairman David Gray said: “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.”