Thread: Britain outside the EU
View Single Post
Old 15-05-2023, 11:04   #5072
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 15,268
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Britain outside the EU
Would be good if we could improve matters here.

Quote:
Post-Brexit power trade model adds £1.1bn to bills, energy body warns

Energy costs for consumers could be lowered by £1.1bn a year if the UK pursued greater co-operation with Europe on electricity trading and carbon pricing, according to an industry body.

Energy UK, which represents power generators and traders, said UK households were paying the price for “inefficient trading” arrangements since 2021, with electricity no longer exchanged through the EU market coupling regime.

As an EU member the UK had been part of the internal energy market regime, which created a single price by automatically balancing the needs between countries using computer algorithms to match bids and offers. But since leaving the EU single market in January 2021, the UK has moved to a back-up system that involves running daily auctions.

Traders — big suppliers as well as independent commodity and power businesses — are now being required to purchase or sell energy separately in each geographical market, adding to the complexity and cost of the system.
https://www.ft.com/content/b0084b3d-...8-f753a6dab1c7
1andrew1 is offline   Reply With Quote