Ofgem chair-in-waiting vows to build low carbon UK
David Gray has been named as the preferred candidate to become the next chair of the Gas and Electricity Markets Authority (GEMA), and has pledged to help build a low carbon energy sector in the UK.
Subject to approval from the UK Parliament's Energy and Climate Change Select Committee, Gray's role will see him head GEMA, which provides strategic direction to gas and electricity sector regulator Ofgem.
Gray was chosen for the post following a selection process led by Energy Secretary Ed Davey and should take over from the current chair Lord Mogg when he steps down at the end of September.
Gray said: "The next few years will be crucial for energy regulation and I very much look forward to working with Ofgem's excellent staff to help it promote quality and value for all consumers while continuing to play a full role in helping to build a low carbon energy sector and maintaining security of supply."
Davey warned that the energy sector would face a number of significant challenges in the coming years, including securing major investment in new infrastructure while keeping bills down for consumers.
"Ofgem has a key role to play in meeting these challenges and ensuring the interests of consumers are protected," he said.
Davey added: "David has an excellent track record in economic regulation, including a previous role on Ofgem's senior team, and also has extensive and invaluable experience of the energy sector."