The UK and the EU’s energy sectors are closely connected: physically, through interconnectors and LNG ports, and politically, through the setting of common standards, regulations and financing.
Consequently, as the UK leaves the transition period at the end of 2020, with or without a trade deal, the operation of its energy system will significantly change. It will need to adjust to new interconnector operational rules, the introduction of a domestic carbon pricing system (be it a tax or trading system), different research and development funding sources, and the loss or reduction of European Union funding opportunities such as structural funds or from the European Investment Bank.
This seminar discusses the implication of the new regime on the day-to-day operation of the UK and its neighbours’ markets and what this might mean for decarbonization plans.
