Mr. Dermot Nolan shares more about the innovative solutions needed to advance the UK's challenges, in pushing forward with decarbonizing the electricity supply, transportation, and heating systems.
Nolan add that regulation in the energy sector has yet to catch up with the changes that have taken place in the industry and would need to be revised to better deal with business models. Watch this video to find out more:
About Dermot Nolan, CEO, Office of Gas and Electricity Markets (Ofgem), United Kingdom
Dermot Nolan joined Ofgem as Chief Executive Officer in March 2014. He brings with him extensive leadership experience in energy regulation, market competition and the protection of consumers' interest having most recently been Commissioner at the Commission for Energy Regulation in Ireland form May 2008 and its Chair since May 2011. Prior to this, he was Senior Economic Adviser at the Commission for Communications Regulation and was manager of the mergers division for the Irish Competition Authority. A graduate of Trinity Collage Dublin, he undertook further study at Yale where he gained PhD in Economics. He has lectured at the University of London, specializing in the areas of market structures and firm performance.