Energy UK responds to Brexit White Paper
Commenting on the publication of the Government's Brexit White Paper, Lawrence Slade, Chief Executive of Energy UK said:
“It’s encouraging that the White Paper again makes it clear that the Government is looking to maintain broad cooperation over energy with the EU. Right across the energy industry there’s clear agreement that a close relationship with the EU has been mutually beneficial and that its continuation will deliver the best outcomes for customers and businesses.
“Access to a EU-wide market has helped keep bills down by enabling the most efficient use of energy resources – something that will become even more important in a world of variable generation. The EU Emission Trading System (ETS) has been crucial in the drive to decarbonise across the whole economy, something in which the UK energy sector has led the way.
“As an essential product for consumers, businesses and the UK economy, energy must be a priority in the ongoing negotiations with the EU. So, whilst we welcome the broad commitments, there is a lot of detailed work and discussions required in a short space of time to achieve these goals and provide the clarity urgently needed on issues such as participation in the internal energy market and the EU ETS – and the continuation of the Single Energy Market between Northern Ireland and Ireland. The opacity around policy has already been having a direct impact on the energy sector.
“As an industry, we are committed to working with Government and the EU to ensure the future relationship continues to deliver benefits to the UK’s customers and businesses.”