Brexit – an exit from the internal energy market?

Going it alone on energy would mean the UK loses out on market coupling and interconnection while still being restricted on state aid. It will slow down EU reforms too

Silke Goldberg, partner, Herbert Smith FreehillsThe UK government is in the midst of shaping its views on what it wants its future relationship with the EU to look like. The impact of Brexit, once we reach it, is still unclear for all, including the energy sector.

Many potential arrangements have been touted, including membership of the European Economic Area (EEA), setting up a suite of bilateral arrangements as alternatives or in addition to free-trade agreements with non-EU states, or even tracking the EU legislative regime without a formal agreement.

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