If the UK leaves the European Union single market without a suitable trade deal, then electricity trade with its European Union partners could be disrupted. New research estimates the 2030 cost of a hard electricity Brexit to Britain at €300 million per year.
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References
Newbery, D., Castagneto Gissey, G., Guo, B. & Dodds, P. E. Energy Policy 133, 110896 (2019).
Geske, J., Green, R. & Staffell, I. Energy Econ. 85, 104599 (2020).
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Newbery, D.M. The cost of uncoupling. Nat Energy 5, 187–188 (2020). https://doi.org/10.1038/s41560-020-0566-0
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DOI: https://doi.org/10.1038/s41560-020-0566-0
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Electricity market relationship between Great Britain and its neighbors: distributional effects of Brexit
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