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.