The former chair of the competition watchdog has put his name forward to replace Professor Martin Cave as chair of the embattled energy regulator, Sky News learns.
Sky News revealed earlier this year that the government was preparing to replace a slate of Ofgem's directors in the coming months, with four new non-executives to be appointed as well as Professor Cave's successor.
Jonathan Brearley, Ofgem's chief executive, has come under intense pressure, with the former prime minister Gordon Brown saying that he should consider resigning after thousands of vulnerable households were forced to install costlier prepayment meters.Its new chairman will be paid up to £180,000-a-year for an average of about three days a week.
The Regulatory Reform Group, which is chaired by Bim Afolami, a Tory MP, is examining whether watchdogs are acting as an impediment to investment. "It can sometimes be difficult to tell if a decision has been made in pursuit of a clear goal or if regulation is simply the unforeseen side-effect of a decision made elsewhere.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rishi Sunak ridiculed by senior Tory for 'serving tea to Jill Biden' as economic pledges fail'He’s too busy pouring tea and feeding scones to Jill Biden, why doesn’t he get back and do the day job?' 🔴 Senior Tories urge the PM to get a grip on his government’s key agenda after the Chancellor admitted the target to halve inflation may not be met
Read more »
Tory crime commissioner triggered two police investigations into political opponents during local elections bidOne complaint lodged by Steve Turner - about a Labour party election leaflet - led to an inquiry that lasted almost a week and involved fraud officers visiting the homes of three activists.
Read more »
Saturday night fever grips the Tory rightRishi Sunak faces no credible challenge before next year’s general election but he looks likely to be dogged by critics on the right of the Conservative Party
Read more »