Brexit uncertainty for UK and Irish power markets
Traders remain in the dark about the future of the UK’s participation in the Internal Energy Market
The European single market was built on the idea that trade should flourish across borders, without discrimination as to internal versus cross-border transactions. The Internal Energy Market (IEM) has exemplified this strategy by establishing a system for power and gas to trade tariff-free throughout the European Union. The UK was instrumental in developing the current market structure, but with Brexit on the horizon, market participants are unsure of how or even if the UK can continue to
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