2017
DOI: 10.3390/en10122143
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Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security

Abstract: This paper articulates the potential implications of Brexit on energy policy and security in the United Kingdom (UK). Given the uncertainties associated with the decision to leave the European Union (EU), the need to consider its potential effects on the UK's energy sector becomes even more pertinent. Through the lens of a few widely reviewed trade regimes in the light of Brexit, it can be observed that while UK energy policies are unlikely to change drastically, Brexit nevertheless threatens the UK's capacity… Show more

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Cited by 8 publications
(6 citation statements)
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References 32 publications
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“…This has a focus on boosting manufacturing and jobs in the Midlands and North of England, where extra battery and renewables related manufacturing plants would be located. Ifelebuegu et al (2017) suggest that the winding up of the Department of Energy and Climate Change (DECC) and its merger with the Department of Business, Innovation and Skills (BIS) to become the Department of Business, Energy and Industrial Strategy (BEIS) in July 2016 was a consequence of Brexit. This happened immediately following Teresa May becoming Prime Minister and is in line with the reactivation of industrial strategy.…”
Section: The Wider Effects Of Brexit and Questions Raisedmentioning
confidence: 99%
“…This has a focus on boosting manufacturing and jobs in the Midlands and North of England, where extra battery and renewables related manufacturing plants would be located. Ifelebuegu et al (2017) suggest that the winding up of the Department of Energy and Climate Change (DECC) and its merger with the Department of Business, Innovation and Skills (BIS) to become the Department of Business, Energy and Industrial Strategy (BEIS) in July 2016 was a consequence of Brexit. This happened immediately following Teresa May becoming Prime Minister and is in line with the reactivation of industrial strategy.…”
Section: The Wider Effects Of Brexit and Questions Raisedmentioning
confidence: 99%
“…The exit of a member state is unprecedented in the history of the EU and therefore Brexit came with significant uncertainties causing an initial financial maelstrom that left the Pound Sterling loosing value against major global currencies. Also, the uncertainties caused a slowdown of the economic growth and productivity of the UK [18]. The exit negotiation is currently ongoing, and it remains uncertain whether or not a deal will be reached by March 2019.…”
Section: Brexit: Background and Definitionsmentioning
confidence: 99%
“…Nonetheless, the crucial role played by the interconnector in providing 'balancing gas' to augment the UK's more reliable supplies from Norway, as well as offering UK gas companies arbitrage opportunities, may be lost should the UK opt out of the IEM. Yet, the UK still has the choice to negotiate bilateral trade with the EU under one of three options suggested by Ifelebuegu et al [18]-the European Economic Area trade rules, Comprehensive Economic and Trade Agreement (CETA) or the EU-Swiss Model. Furthermore, the UK has the infrastructural readiness to increase LNG imports as a short-term energy source to replace most of the gas from EU interconnectors.…”
Section: The Iem Natural Gas Trade and Uk Energy Supply And Prices Pmentioning
confidence: 99%
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“…Analyzing the impact of reduced expansion of interconnector capacity between the EU and GB on the joint Irish electricity system is beyond the scope of this paper) electricity sector, as it is a system that has experienced increasing integration with other electricity systems in the EU. Indeed, there has been attention in the literature on the implications of reduced integration for UK energy policy and security [6,7]: This integration has come e.g., in the form of interconnectors linking GB's electricity grid with those of neighboring EU countries, enabling the trading of electricity. The European Commission has set a target for net transfer capacities to equal 10% of all installed capacity by 2020 and 15% by 2030 [8], which means that the trade of electricity through interconnectors will form an important component in the ongoing transformation of the British and other EU member states' power systems Saarikoski et al [25] and Browne and Ryan [26] compared CBA (Cost-Benefit Analysis) and MCDA approaches.…”
Section: Introductionmentioning
confidence: 99%