Department for Energy Security and Net Zero

Company

Last mentioned: Mar 6, 2026

Timeline

  1. Wholesale gas prices spike, leading to the collapse of dozens of UK energy suppliers.

  2. The largest supplier failure in UK history requires a multi-billion pound government bailout.

  3. Ofgem announces the price cap will fall by £117 from April 2026.

  4. Brearley confirms he will step down as CEO to allow for new leadership during the Net Zero transition.

  5. Brearley Appointed

    Jonathan Brearley takes over as Ofgem CEO just before the COVID-19 lockdowns.

Stories mentioning Department for Energy Security and Net Zero 1

regulation Neutral

Ofgem CEO Jonathan Brearley to Step Down Amid Energy Price Cap Transition

Ofgem CEO Jonathan Brearley has announced his resignation, marking the end of a high-pressure tenure defined by the global energy crisis and the implementation of the price cap. His departure comes as the regulator confirms a £117 reduction in the annual energy price cap starting in April, signaling a potential shift in regulatory strategy for the UK's energy market.

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