|Author (Person)||Deane, Paul, Mathieu, Carole, Pye, Steve|
|Publisher||French Institute of International Relations (IFRI)|
|Series Title||IFRI Reports: Etudes de l'Ifri|
|Publication Date||October 2018|
|Content Type||Research Paper|
When it comes to energy and electricity in particular, there can be no winner in the Brexit negotiations. The only reasonable objective should be to minimise losses and avoid trade friction.
Both the United-Kingdom (UK) and the European Union (EU) remain committed to making substantial progress in negotiations and enabling an orderly withdrawal on March 30, 2019, but the prospect of a no-deal or hard Brexit with no transition period looms large on the horizon. While what was once considered an extreme scenario, there is little doubt that energy will continue to flow through the infrastructures that physically connect Great Britain (GB) with the adjacent EU energy systems. Preserving cross-border energy trading, and in particular electricity trading, is in the interest of all stakeholders, be they UK or EU-based, and all efforts should focus on trying to minimise market disruption.
|Subject Tags||Brexit, Climate Change|
|Countries / Regions||United Kingdom|
|International Organisations||European Union [EU]|