Brexit and the energy sector

IIEA23rd November 20161min
Five months after the UK’s EU referendum, the terms of the UK’s departure remain uncertain, and British Prime Minister Theresa May’s ambiguous assertions that “Brexit means Brexit” provide little guidance on what the UK’s referendum will mean for energy policy and markets in Ireland and the future of the Energy Union.

     

Five months after the UK’s EU referendum, the terms of the UK’s departure remain uncertain, and British Prime Minister Theresa May’s ambiguous assertions that “Brexit means Brexit” provide little guidance on what the UK’s referendum will mean for energy policy and markets in Ireland and the future of the Energy Union.

This IIEA policy briefing will outline the main areas in which the Irish energy sector could be affected by the UK vote to leave the EU. In particular, it will discuss the future of the island of Ireland’s shared electricity market (SEM); threats posed to the security of Ireland’s energy supply; the implications of Brexit for investments in energy infrastructure as well as on current marketoriented and pro-liberalisation EU policy trends; and the associated regulatory, political and legal impacts for Ireland’s energy sector.

The brief can be viewed or downloaded here.