PRESS RELEASE : Mark McAllister set to become next Ofgem Chair [September 2023]

The press release issued by the Department for Energy Security and Net Zero on 6 September 2023.

Mark McAllister is named as the government’s preferred candidate to be the next Chair of Ofgem, the energy regulator.

Mark McAllister is today (6 September 2023) named as the government’s preferred candidate to be the next Chair of Ofgem, the energy regulator.

Minister for Energy Consumers and Affordability Amanda Solloway said that Mark, currently Chair of the Office for Nuclear Regulation, will bring a “strong track record” in the industry to the role.

Mark would help ensure the energy market is fit for the future – from reforming the grid to supporting households in accessing smarter, more flexible energy.

Responsible for helping shape the regulator’s strategy and policy decisions, as Chair he will champion the interests of electricity and gas consumers. This involves working closely with government, which provided nearly £40 billion to cover around half a typical household’s energy bill last winter.

As we move to a more secure energy system, the Chair’s leadership will help us bring down household bills, protect vulnerable people and ensure the market is working for all consumers.

Minister for Energy Consumers and Affordability Amanda Solloway said:

We will always ensure the energy market is working for families to protect them from sky high bills, including by working closely with our partners at Ofgem.

Mark McAllister has a strong track record of advising governments and regulators on competition and regulation. His expertise will be vital in the years ahead, as we make sure more households have access to cheaper, cleaner energy.

I would also like to extend my warm thanks to Martin Cave for all of his work as Ofgem Chair since 2018.

An engineer by profession, Mark has served as Chair of the Office for Nuclear Regulation (ONR) since April 2019, where he is charged with ensuring the ONR delivers efficient and effective regulation of the nuclear industry.

His selection follows a competitive recruitment process and will be scrutinised by the Energy Security and Net Zero (ESNZ) Select Committee at a forthcoming pre-appointment hearing.

The date of Mark’s pre-appointment hearing will be announced by the ESNZ Select Committee. If confirmed, he is expected to take up post in November.