The highly paid boss of the group behind the soaring energy price cap is cashing in on a government solar panel scheme to reduce his own bills.
Jonathan Brearley is the CEO of industry regulator Ofgem, which has raised the gas and electricity price cap to a staggering £3549 a year for an average household. The move is expected to plunge millions into fuel poverty and charities have warned vulnerable people will freeze to death this winter because they are no longer able to heat their homes.
But we can reveal Brearley – who earned £265,000 last year including a £15,000 bonus – is a member of the Feed-in Tariff (FIT) scheme run by his colleagues at Ofgem. It closed to new members in 2019 but allows existing participants to earn payments from their electricity supplier for energy generated from solar panels which is fed back into the grid.
