Brexit is likely to have significantly detrimental impacts to the UK’s energy supply chain, a member of the House of Lords’ EU Energy and Environment Sub-Committee has warned.
Prominent politicians from across the political spectrum have warned against the UK’s departure from the Internal Energy Market (IEM) as part of Brexit, despite the country’s exit from the single market taking automatic continuation “off the table”.
A botched Brexit would threaten the UK’s energy security by having severe implications on its ability to trade energy with Europe, the House of Lords has warned.
The UK must remain as closely aligned as possible to the wider European energy market after it exits the European Union, a leading trade association has warned.