Jonathan Brearley, the new CEO of Ofgem, used his first day in office to launch the energy regulator’s decarbonisation action plan.
The watchdog pledged to be “more adaptive” in its approach to regulation so it could take big decisions in a fast-changing environment.
It said it will explore regulatory options to support the development of the offshore grid needed to enable a four-fold increase in generation by 2030. It will also come up with a strategy to allow ten million electric vehicles to be using the roads by the same date.
The launch of the plan came ahead of an announcement by the Government that a ban on sales of new petrol and diesel vehicles will be brought forward to 2035.
Brearley said: “It is now vital that the energy industry rises to the challenge and demonstrates how it will work with the Government and Ofgem to decarbonise Britain’s energy system at lowest cost.