Brexit 'No Deal' Not Ideal, says Energy UK

Energy UK, which represents Britain's energy suppliers, has responded to the government's publication on August 23 advice papers to industry in the event of a 'No Deal' with the EU over Brexit. 

Its head of European Affairs, Marta Krajewska said: “Energy UK welcomes the publication of the first batch of technical notices providing guidance to citizens and businesses in the UK for preparation for a ‘no-deal’ scenario. While it contains some important clarifications for the nuclear sector, as well as on a number of horizontal issues with impact on our industry, we would expect the second batch to provide more clarity in a number of other areas critical for the energy sector.

“We would also stress that, while it is responsible for government and business to prepare for all eventualities, a ‘no-deal’ scenario will have significant and negative consequences for the energy industry and would likely create cost pressure that could impact customers’ bills. Energy UK believes that a deal, with a transition period, is by far the best way forward for the energy industry and the UK as a whole.”

NGW reported August 23 that UK junior energy minister Claire Perry had announced August 22 how powers under four key EU energy regulations would be transferred from the European Commission in Brussels to London when the UK leaves the EU, by way of a statutory instrument (SI) to be put before parliament for approval this autumn. She concluded that were no Brexit deal to be agreed with EU partners that contained a transitional period, then functions contained in the SI would  be required soon after exit day [29 March 2019]."