Energy regulator Ofgem is to streamline its structure into three divisions. Meanwhile, two stalwarts are heading for the exit.
Andrew Wright, senior partner for Energy Systems, and Chris Poulton, managing director for E-Serve will leave within the next few months, said CEO Dermot Nolan in a brief statement.
The three divisions:
- Consumers and Markets will look after the interests of consumers in the energy market. Its remit will include both wholesale and retail markets as well as enforcement.
- System Operation and Networks will focus resources on the next round of network price controls due to start in 2021 and ensuring maximum benefits for consumers from the rapid changes in the energy system.
- Corporate & Scheme Services will provide business support services to Ofgem and run environmental schemes for Government.
Nolan said the regulator would announce more details in March, ahead of Ofgem’s move into the government hub building in April.
“I would like to thank Andrew Wright and Chris Poulton for their enormous contribution to Ofgem,” he added. “I have appreciated their support during my time at Ofgem and wish them well in their future careers.”
Rachel Fletcher, Ofgem’s senior partner for consumers and competition, has already left to head up water regulator Ofwat.