Jonathan Brearley is to serve another five years as Ofgem boss.
Energy Secretary Ed Miliband has approved he remain in post until 2030, to help oversee Labour’s clean energy ambitions.
Mark McAllister, Chair of Ofgem, said: “Jonathan has led Ofgem through unprecedented challenges over the past five years: the fallout from COVID-19, energy market turbulence and the price shock following Putin’s invasion of Ukraine.
“He and his senior team have shown great dedication in stepping up to meet these challenges, whilst establishing the foundations required to create a clean power electricity system to get us to net zero by 2050 – the biggest ever transformation of the energy industry.
“At the same time, Jonathan has taken tough measures to ensure suppliers meet the high standards consumers rightly expect, while stamping out bad practice wherever it exists. I am confident that Jonathan will continue to put the consumer at the heart of everything we do, not hesitating to tackle bad behaviour by using the powers we have at our disposal.”
Alistair Buchanan was the last CEO to serve a decade and Mr Brearley will now do the same, reacting to his extension he said: “It has been a privilege to lead Ofgem over the last five years – and I’m excited by the challenge of the next five.
“Ofgem plays a pivotal role in delivering a low carbon future for the country and I am both committed and motivated to lead us through this, alongside a strong board and leadership team.
“As the energy landscape evolves, we need to consider what our role as the regulator looks like in both the near and distant future. Ministers are looking at how to strengthen Ofgem further, which is crucial as we look at fundamental changes to how the energy sector works in the UK.
“The government’s 2030 target for a clean electricity grid is tough but achievable, if everyone plays their part.”
