Brexit could have a serious regulatory impact on trade between continental Europe and the United Kingdom. Paul Austin Hallas, Brexit Project Manager at Centrica shares his thoughts on Brexit possible scenarios and their consequences for energy markets.
Click here to download his presentation “Brexit – Possible scenarios and their consequences on the energy markets” from ETRC 2017!
According to Mr. Hallas, Brexit could potentially impact energy trading in the 6 following ways:
Cross-border energy trading: will the current arrangements be put at risk?
Carbon pricing: UK withdrawal from ETS could have carbon pricing impacts in the UK and the remaining EU
New electricity interconnectors: uncertainty does not help, but the basis remains wide and the fundamentals are supportive of robust projects
Level playing field issues: GB generation vs. imports. Recently highlighted by Uniper UK.
Transaction reporting: possible ‘double reporting’ and risk of ‘double regulation’
Energy and climate policy: potential impact on political dynamics post-Brexit
Click here to access Paul’s complete presentation!
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