A permanent replacement will not be named until a new chair for the regulator has been selected. The Department of Energy and Climate Change is in the process of recruiting a chair to replace Lord Mogg, whose 5-year term comes to an end in September.
Wright has led Ofgem’s market division since January 2008. He has over 25 years in the energy utility sector, including analyst roles at UBS, Cazenove & Co and Merrill Lynch, and six years with Manweb.
Lord Mogg said: “Andrew is a highly experienced and professional leader and I am confident of his ability to guide Ofgem after Alistair’s departure. Andrew will be taking charge at an important point as Ofgem’s ground-breaking energy market reforms will start to take effect from this summer and we continue to provide important updates on Britain’s security of supply.”