Mark McAllister

Mark McAllister is at this time (6 September 2023) named as the federal government’s most popular candidate to be the following Chair of Ofgem, the vitality regulator.

Minister for Power Shoppers and Affordability Amanda Solloway mentioned that Mark, presently Chair of the Workplace for Nuclear Regulation, will carry a “sturdy observe document” within the business to the position.

Mark would assist make sure the vitality market is match for the longer term – from reforming the grid to supporting households in accessing smarter, extra versatile vitality.

Answerable for serving to form the regulator’s technique and coverage selections, as Chair he’ll champion the pursuits of electrical energy and fuel shoppers. This entails working carefully with authorities, which offered practically £40 billion to cowl round half a typical family’s vitality invoice final winter.

As we transfer to a safer vitality system, the Chair’s management will assist us carry down family payments, defend susceptible folks and make sure the market is working for all shoppers.

Minister for Power Shoppers and Affordability Amanda Solloway mentioned:

We are going to at all times make sure the vitality market is working for households to guard them from sky excessive payments, together with by working carefully with our companions at Ofgem.

Mark McAllister has a powerful observe document of advising governments and regulators on competitors and regulation. His experience can be important within the years forward, as we be sure extra households have entry to cheaper, cleaner vitality.

I might additionally like to increase my heat due to Martin Cave for all of his work as Ofgem Chair since 2018.

An engineer by occupation, Mark has served as Chair of the Workplace for Nuclear Regulation (ONR) since April 2019, the place he’s charged with guaranteeing the ONR delivers environment friendly and efficient regulation of the nuclear business.

His choice follows a aggressive recruitment course of and can be scrutinised by the Power Safety and Web Zero (ESNZ) Choose Committee at a forthcoming pre-appointment listening to.

The date of Mark’s pre-appointment listening to can be introduced by the ESNZ Choose Committee. If confirmed, he’s anticipated to take up put up in November.

Notes to editors

Mark McAllister has been Chair of the Workplace for Nuclear Regulation since April 2019 and serves on the Administration Committee of the Public Chairs Discussion board.

Throughout a 40-year govt profession within the upstream vitality business Mark was on the manager board of two of the UK’s most profitable impartial firms, Monument and LASMO. He additionally based and served as CEO of two North Sea start-up companies, Acorn and Fairfield Power, and was most lately CEO of PA Sources, listed on the Scandinavian NASDAQ.

Mark served as Chairman of OSPRAG (Oil Spill Prevention and Response Advisory Group) which formulated the joint response of the North Sea oil business, commerce unions and authorities to the Macondo blowout within the Gulf of Mexico. In 2009 he was awarded an Honorary Physician of Know-how from Robert Gordon’s College for providers to the oil business.

During the last 20 years, Mark has held a lot of non-executive roles within the charitable sector. He’s presently Chair of Oasis Charitable Belief, who work throughout the UK to rework communities by means of a variety of providers together with schooling and housing.