The Further Economic Consequences of Brexit: Energy
Pollitt, M .G.
Cambridge Working Papers in Economics
Faculty of Economics, University of Cambridge
MetadataShow full item record
Pollitt, M. .. (2021). The Further Economic Consequences of Brexit: Energy. https://doi.org/10.17863/CAM.79370
The UK left the European single market in energy on 31 December 2020, having been a leading light in its promotion. It entered into a new energy relationship with the EU-27 as outlined in the EU-UK Trade and Cooperation Agreement (TCA) on 1 January 2021. This paper discusses what has happened to the UK energy sector since the Brexit referendum of June 2016. Since our previous paper on this topic in 2017, there has been a significant clarification in the impact of Brexit on the energy sector in the UK. We outline what the TCA says about energy. We then discuss the current and potential future effects of Brexit on the UK electricity and gas systems in turn. We observe that the likely economic welfare impacts on electricity are larger than the impacts on gas, but the overall microeconomic impact appears likely to be modest (but negative). We offer a number of concluding observations.
Brexit, Trade and Cooperation Agreement, market coupling
This record's DOI: https://doi.org/10.17863/CAM.79370
This record's URL: https://www.repository.cam.ac.uk/handle/1810/331921
All Rights Reserved
Licence URL: https://www.rioxx.net/licenses/all-rights-reserved/
Recommended or similar items
The current recommendation prototype on the Apollo Repository will be turned off on 03 February 2023. Although the pilot has been fruitful for both parties, the service provider IKVA is focusing on horizon scanning products and so the recommender service can no longer be supported. We recognise the importance of recommender services in supporting research discovery and are evaluating offerings from other service providers. If you would like to offer feedback on this decision please contact us on: email@example.com