Rachel Fletcher Director for regulation and economics, Octopus

Rachel joined Octopus Energy in 2021, bringing with her a wealth of knowledge following more than two decades of experience in energy regulation.

Rachel’s remit is to create the regulations and markets needed to achieve net zero quickly and affordably. Day-to-day, she works closely with regulators, industry bodies and policy makers to shape the energy system of the future. Rachel also works hand-in-hand with consumer bodies to ensure all customers are well served and benefit from the transition to net zero.

Before joining Octopus, Rachel served as the Chief Executive of Ofwat, the UK's water regulator, and as a Senior Partner and Board member of Ofgem, the UK energy regulator. Her work focused on making essential services sustainable, high quality and affordable. Rachel started her career in utilities as a consultant where she worked on a number of international energy industry privatisation and restructuring projects. Rachel holds a Bachelor’s degree in Economics from the University of Sussex, as well as a Masters in Economic and Politics from the University of Cambridge.