Ofgem is recruiting four non-executive directors (NED) as part of its bid to expand and broaden the experience of its board.
Currently the board, known as the Gas and Electricity Markets Authority (GEMA), consists of six people.
They include chair Martin Cave, chief executive Jonathan Brearley and four NEDs.
Two of the four NEDs, John Crackett and Lynne Embleton, will shortly be at the end of their five-year tenures.
An Ofgem spokesperson confirmed the vacancies currently being advertised will replace the outgoing NEDs, as well as expand the board “to cover necessary skills, knowledge and representation/background gaps that are needed to tackle long term challenges in the energy market”.
The new roles will be for a period of five years and come with a £20,000 annual remuneration package, with successful applicants being required to commit 40 days per year.
According to the job description NEDs are to “bring independent oversight, support and constructive challenge to Ofgem successfully dealing with current and future challenges”.
Each role requires a specific skill set:
- Role one: Experience with consumer representation or advocacy, or significant knowledge of consumer preferences.
- Role two: Understanding and experience of the future impact of data and digitalisation on the energy sector.
- Role three: Understanding and experience of commercial aspects of the processes associated with Ofgem’s delivery and schemes activities.
- Role four: Understanding and experience of regulatory economics and applying it to both behavioural and economic outcomes.
More generic criteria includes the ability to lead large organisations in a non-executive or senior executive role, as well as the ability to “contribute and inspire confidence with a wide range of stakeholders” in a range of environments.
Furthermore, it adds, candidates “should be able to demonstrate good judgement and high levels of integrity”.
A spokesperson for the regulator said: “To respond to the constantly evolving challenges we face in the energy sector today, we are looking for diverse input and fresh ideas, as well as true consumer advocates closely attuned to the issues consumers face every day and how the market can best respond to their needs.
“We look forward to working with the successful candidates when appointed.”
Applicants have until 31 March to apply for the role, with interviews expected to end on 22 May.