Professor Martin Cave, former deputy chairman of the Competition Commission and deputy panel chairman of the Competition and Markets Authority, recommended the price cap in landmark independent report into competition in the energy market.
In his dissenting opinion as part of the CMA 2016 review of the energy market Professor Cave, said that the proposed reforms did ‘not go far enough and that a temporary price cap was needed to protect consumers from unfair energy price rises.’
Cave – who takes over from the retiring David Gray – said yesterday: “Seismic change is afoot in the energy sector and I will work to ensure that the regulator continues to protect consumers while working with government and those across the sector to build an energy system fit for the future.
In a further pro-change shake-up of OFGEM, Lynne Embleton and Ann Robinson have also been confirmed as the new non-executive directors at OFGEM.
Embleton is chief executive of IAG Cargo and previously served on the board of British Airways as the managing director at Gatwick and as strategy director.
Robinson worked in the Civil Service and is the former executive chairman of Energy Watch.
26 Jun 2018