Posted on: 17/07/2018
Prime Minister Theresa May’s white paper has set out details of how the Government wants the UK to interact with the European Union (EU) after Brexit, including measures for co-operation over energy.
The document outlines a series of options, including the UK remaining inside the Internal Energy Market.
The white paper said: “In this case, the UK would need a common rulebook with the EU on the technical rules for electricity trading, as well as a consistent approach to carbon pricing necessary for the market to function,” said the document.
“However, the UK does not believe that participation in the internal European market should require a common rulebook on wider environmental and climate change rules.”
Single Irish market maintained
Other options including leaving the Internal Energy Market, which would require the UK to “explore what would be needed to ensure trade over interconnectors would continue without automatic capacity allocation”.
The UK Government also said it would preserve the Single Energy Market (SEM) covering the island of Ireland “in any eventuality”.
“Negotiators have already made good progress on a legal provision to underpin the SEM in the withdrawal agreement and the UK will work with the EU to ensure that the SEM is maintained in any future scenario,” it explained.