Last mentioned: Mar 6, 2026
Wholesale gas prices spike, leading to the collapse of dozens of UK energy suppliers.
The largest supplier failure in UK history requires a multi-billion pound government bailout.
Ofgem announces the price cap will fall by £117 from April 2026.
Brearley confirms he will step down as CEO to allow for new leadership during the Net Zero transition.
Resignation Announced
Brearley announces he will step down to allow for new leadership in the net-zero transition.
Price Cap Drop
Ofgem confirms annual energy bills will fall by £117 from April 2026.
Bulb Energy Sale
Ofgem oversees the controversial sale of Bulb Energy to Octopus Energy.
Energy Crisis Begins
Wholesale gas prices spike, leading to the collapse of dozens of UK energy suppliers.
Brearley Appointed
Jonathan Brearley takes over as Ofgem CEO just before the COVID-19 lockdowns.
Brearley Appointed
Jonathan Brearley takes over as CEO of Ofgem from Dermot Nolan.
Jonathan Brearley has announced his resignation as CEO of Ofgem, ending a six-year tenure defined by the 2021 energy crisis and the implementation of the price cap. His departure triggers a high-stakes search for a successor to lead the UK's regulatory transition toward a decarbonized power grid by 2030.
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.