One of the less well understood consequences of Brexit has been the damaging way it has impacted:

▪ How we buy electricity in international markets – which has raised costs – and

▪ Our ability to plan ahead for new energy infrastructure, particularly in the North Sea.

A new report, written in conjunction with leading energy sector organisations, shows how targeted collaboration with our European neighbours could help the UK deliver a resilient clean power system, lower energy prices and plan for a net zero future.

The new report ‘Energy and Climate Cooperation’ has been researched and published by the Independent Commission on UK-EU Relations.

It highlights how the UK’s current relationship with the EU is not working for our current or future energy requirements. In particular, new regulatory barriers are complicating electricity trading, the operation of carbon markets and the planning of new infrastructure in the North Sea, a shared environmental resource.

There is a practical route to overcoming these barriers, however, without the need for renegotiating the existing Trade and Cooperation Agreement (TCA) and without crossing any red lines in the Government’s election manifesto.

Targeted collaboration between the UK and its European neighbours could pay significant dividends.

This report was written in collaboration with:

▪ Argus Media

▪ Energy UK

▪ Mutual Energy

▪ National Grid

▪ RWE

▪ SSE

▪ The 7CO₂: Severnside Carbon Capture & Shipping Hub