RenewableUK comments on Government guidance on electricity trading in the event of a No Deal Brexit
15 October 2018
Posted by: Rob Norris
The Government has issued guidance on the trading of electricity if there’s no Brexit deal.
The guidance notes that in the event of a no deal, European energy law will no longer apply to the UK, and our electricity markets will be decoupled from the Internal Energy Market after March 2019.
RenewableUK’s Executive Director, Emma Pinchbeck, said: “The ability to trade electricity with EU countries makes the market more competitive and secure, helping the UK to move to a flexible, low carbon energy system that benefits consumers.
“Today’s Government guidance says that there would be barriers to electricity trading and supply here and in Northern Ireland, and uncertainties for the energy supply chain if there is no Brexit agreement.
“The renewables industry is a significant British infrastructure project, and a ‘no deal’ outcome as outlined in today’s guidance would be mean uncertainty for industry and higher costs for consumers”.
For further information, please contact:
RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and access markets to export all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.
We are celebrating our 40th anniversary this year.
The Government’s guidance, published by BEIS, is available here