UK seeks Irish power play
Brexit paper calls for electricity market status quo between North and Republic
The UK Government favours the continuation of the single electricity market between the Republic and Northern Ireland after Brexit.
London said the cross-border market, established in 2007, has facilitated greater integration of renewables and lowered electricity prices for consumers.
A “new framework” proposed by London in a newly-published Brexit position paper says the UK wants the status quo to continue after it leaves the European Union.
“This is by far the best option for the electricity market in Northern Ireland (in the medium term at least) given the size and isolation of the market,” the position paper said.
“The development of any new electricity trading arrangements and the construction of new power generating capacity that would be required would be inefficient and expensive, and only deliverable in the medium to long-term.”
London said it wants to provide certainty “as soon as possible” for citizens, investors and businesses on the island of Ireland on energy arrangements.
It also calls for an “interim period” that will “ensure that any changes to current arrangements can be implemented in a timely way”.