BEIS guidance on electricity trading under no-deal Brexit

Says European energy law would no longer apply to the UK, with the UK’s electricity market decoupled from the internal energy market. Alternative trading arrangements would have to be found for interconnectors to the EU, including approving new access rules and changing domestic industry codes, while market participants would have to register with an EU regulatory authority to continue electricity trading

Document title: Trading electricity if there’s no Brexit deal

Summary: Says European energy law would no longer apply to the UK, with the UK’s electricity market decoupled from the internal energy market. Alternative trading arrangements would have to be found for interconnectors to the EU, including approving new access rules and changing domestic industry codes, while market participants would have to register with an EU regulatory authority to continue electricity trading. The government and Ofgem working with interconnectors to make sure new access rules can be agreed, although majority of domestic regulation on electricity market will remain unchanged. Notes that trade on interconnectors will be less efficient, while leaving Ireland’s single electricity market without any legal basis. Pledges to take ‘all possible measures’ to maintain it, but that the government is undertaking contingency work to establish a separate Northern Ireland electricity market if necessary, including possibly seeking additional powers to ensure continued supply.

Please sign in or register to continue.

Sign in to continue reading

Having trouble signing in?

Contact Customer Support at
report@ends.co.uk
or call 020 8267 8120

Subscribe for full access

or Register for limited access

Already subscribe but don't have a password?
Activate your web account here