The CEO of Ofgem has bagged a £15,000 bonus on top of his £190,000 salary.
Dermot Nolan is one of three senior civil servants at the energy watchdog to net the extra cash. The news comes out on Fuel Poverty Awarness Day and as new research shows millions of energy customers in the UK are stuck on the most expensive electricity and heating tariffs, suffering from fuel poverty and dealing with poor customer service.
Ofgem E-Serve’s Managing Director Chris Poulton and Senior Partner Sarah Harrison also received £15,000 payouts as part of the regulator’s bonus scheme.
Ofgem told ELN: “Nobody at Ofgem can give themselves a bonus. Bonus payments in relation to performance for all of Ofgem’s senior management team are agreed by independent non-executive members of Ofgem’s board.”
Ofgem was established in 2000 to regulate the gas and power industry, protect consumers and promote competition.