In 2015 the National Grid commissioned a study into potential effects of Brexit on Energy supply in the UK.
It was published in March 2016.
vivideconomics.com/casestudy/the-…
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It formed the basis of their submission to the Energy and Climate Change Committee Inquiry: Leaving the EU: implications for UK energy policy.
parliament.uk/external/commi…
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Strangely, when I click on the link I get "Unfortunately the requested page was not found on our new website." And "We've found the former version of the page on the old version of our website. It is no longer updated, but you can use the link below to view it."
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But when I clink that link I get this....
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Oh well never mind - I have the original document.
What does it say about Brexit?
IT says if we leave the IEM we get a bunch of problems to do with decreased market coupling / trading / investment an higher costs / lower energy security.
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But on the bright side, it says the risks [of running out of] gas are minimal... because the UK has excess storage capacity.
They wrote this in 2015.
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Then in 2017 the Tory Government allowed their friends at Centrica to close down 70% of the UK's gas storage capacity... to save money and maximise shareholder returns.
theguardian.com/business/2017/…
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WHY did HMG let this happen?
They MUST have known we were going to leave the IEM.
WHY aren't the BBC reporting this?
WHY are they bullshitting us about "wholesale energy prices"?
I smell something, and it is not a gas leak.
8/8
P.S.
Ah! Interestingly, the BBC *did* report on this National Grid study back in March 2016. bbc.co.uk/news/uk-politi…
Their Byline:
Supporters of leaving the EU have said claims [...] bills could rise by as much as £1.5m a day are "absurd".
And their analysis:
"only likely if EU neighbours take decisions against their own best interests, like cutting off electricity interconnectors."
(Don't worry folks - vote Leave; what could possibly go wrong? Trust us, we are the Beeb)
H/T to @JohnWest_JAWS
He has just pointed out that Parliament new about the gas storage issues back in 2012.
publications.parliament.uk/pa/cm201012/cm…
HMG have ABSOLUTELY NO EXCUSES!
The very best interpretation I can make of Centrica's decision to scrap 70% of UK strategic gas reserve in 2017 was they *knew* the IEM was about to introduce "solidarity"
ec.europa.eu/commission/pre…
Meaning *if* we stayed in IEM we could freeride EU reserves and not need our own.
And they *believed* we would stay in the IEM, like non-EU Norway.
Why would they believe this? Perhaps if they had been assured by the May govt.
And then the Johnson govt reneged despite the fact we and just shut 70% of our strategic reserve...
Why would they do something so reckless?
Pure theological objection to the IEM being under the authority of the CJEU is my guess.
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