Dermot Nolan, chair of the Commission for Energy Regulation in Ireland, has been appointed as chief executive of Britain’s Ofgem, taking up the role in March 2014.
Nolan, who has been a commissioner at the CER since May 2008 and its chair since May 2011, is an economist by training. He completed his Masters and Doctorate degrees at Yale University and then taught at the University of London. He was the manager of the Mergers Division in the Irish Competition Authority, and has worked on competition matters in professional services. He became senior economic advisor and then director of the Retail Division at CER.
“Energy regulation has never been more important. Ofgem has a pivotal role to play in protecting consumers’ interests, in promoting good supplier behavior and in bearing down on costs,” said Nolan. “Much work is already underway to promote an energy market which is more competitive and works better for consumers. I shall seek to build on these solid foundations laid by Ofgem in tackling the challenges ahead.”