Ofgem chief: 'Net zero is the goal. We must make it happen'
Credit: Eddie Mulholland Only five months into his new job as head of the energy regulator Ofgem, Jonathan Brearley was already provoking fury among some of the sector’s most powerful companies. Scottish Power declared he had “flunked his first big test” with his draft plans in July to slash network operators’ returns and limit spending, which would drag Britain “back to austerity”, while National Grid warned of blackouts. Fast-forward to December and the 47-year old has just handed operators his final decision – budging only an inch to allow for 4.3pc returns (40pc below curren...
Source: telegraph.co.uk