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Ed Birkett Profile picture
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24 Dec, 4 tweets, 2 min read
Is this what's will be in the Brexit deal on Energy?

@GuidoFawkes
claims to have a UK internal assessment of the Brexit deal.

Taking with a pinch of salt until official.

Energy section starts on page 13,.

1/
scribd.com/document/48904…
Columns are labelled "UK ask", "EU ask", "UK or EU win".

Looks like something on market coupling, but I doubt full continuity.

Plus cooperation on North Sea renewable energy projects

2/ Image
Also reportedly a deal on Civil Nuclear.

3/3 Image
Here's the original article: order-order.com/2020/12/24/exc…

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More from @ed_birkett

Ed Birkett Profile picture
26 Dec
What's in the EU-UK Brexit deal on energy?

It may be Boxing day, but I've had a quick look 👇

1/
gov.uk/government/pub…
Title VIII: Energy is the key section (page 156 onwards)

▶️ Standard stuff on commitment to competition, unbundling and customer choice

▶️ UK Capacity Market no longer needs to try to integrate overseas Capacity providers & vice versa

(Article ENER.6, Clause 3, page. 160)

2/ Image
▶️ Existing "exemptions" for selected interconnectors will continue to apply.

This means that these interconnectors can continue to sell capacity rights ahead of time, rather than all through close to real-time markets.

(Article ENER.11, page 162)

3/ Image
Read 14 tweets
Ed Birkett Profile picture
24 Dec
@10DowningStreet has published its summary of the agreements between UK and EU

1/
gov.uk/government/pub…
Here's summary of energy section (Title VIII).

More detail on market coupling (trading on elec interconnectors). Aim to implement new arrangements on price coupling by April'22 (presumably through new market coupling platform)

Implies some loss of efficiency in short term.

2/
Looks like arrangements for gas trading will remain relatively similar to today, with UK industry retaining access to PRISMA platform for trading gas capacity.

prisma-capacity.eu

3/
Read 4 tweets
Ed Birkett Profile picture
24 Dec
The European Commission’s summary of the impact of the U.K.-EU free trade agreement on the Energy sector 👇
Not much detail yet but looks like something on preserving efficient trading on interconnectors, preserving cooperation on nuclear power, and new mechanisms to cooperate on renewables, which is particularly important for offshore wind in the North Sea.
EU view on the consequences of Brexit for UK-EU energy trade.

UK outside of EU IEM, EU ETS and Euratom (as we knew)

ec.europa.eu/info/sites/inf…
Read 4 tweets
Ed Birkett Profile picture
14 Dec
UK Energy White Paper is here.

I'll tweet the key points here👇

1/
Link to press release:
gov.uk/government/new…
UK commits to an Emissions Trading Scheme (ETS) from 1 January 2021.

Seems like a win for @beisgovuk, as @hmtreasury was known to be keen on a carbon tax

2/
Exploring the RAB model for new nuclear, as per @emilygosden article in @thetimes this morning

3/
thetimes.co.uk/edition/news/b…
Read 42 tweets

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