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Divergent electricity prices in the wake of Brexit

Tim Dixon Team Lead

On 1 January 2021 the UK left the EU and as such is no longer part of the Internal Energy Market (IEM). While the UK and the EU agreed a post-Brexit Free Trade Agreement (FTA) on 24 December, outlining how energy markets, interconnectors and regulation will be affected, the arrangements will take some time to develop and, as such, GB’s internal and cross-border trading has been temporarily decoupled from European markets. This is expected to result in less efficient trades, interconnector ...

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