Andrew is Group Finance Director at Ofgem. Andrew joined Ofgem in January 2008 with more than 25 years of experience in the gas and electricity sector, most recently at UBS where he was a senior equity research analyst covering UK utilities. For more than five years he led the Markets division, before becoming interim Chief Executive in June 2013 and Group Finance Director in April 2014.
Prior to this, Andrew was Head of European Utilities Research at Cazenove & Co and the UK Electricity and Gas Analyst at Merrill Lynch (formerly Smith Newcourt). Before his time in the City, Andrew worked in the electricity industry during its privatisation, spending six years with Manweb, the regional electricity company, in a variety of management and strategic roles.
Earlier in his career, Andrew worked as a consultant at Caminus Energy and as a research associate in the Energy Research Group at Cambridge University.
Ofgem is the Office of Gas and Electricity Markets and is a non-ministerial government department and an independent National Regulatory Authority, recognised by EU Directives. Ofgem’s principal objective when carrying out our functions is to protect the interests of existing and future electricity and gas consumers. They do this in a variety of ways including:
- promoting value for money
- promoting security of supply and sustainability, for present and future generations of consumers, domestic and industrial users
- the supervision and development of markets and competition
- regulation and the delivery of Government schemes
Ofgem work effectively with, but are independent of, government, the energy industry and other stakeholders within a legal framework determined by the UK government and the European Union.