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July Update: Energy

2 July 2018

What's on the agenda this month

by Andrew Huckle, Monitoring Consultant

In the coming months, Britain will set out its stall on the future energy relationship with the European Union- in a pivotal moment for the sector. 

The highly anticipated Brexit White Paper is set to include a detailed section on energy and there is near universal agreement that UK/EU energy ties should continue, including participation in the Internal Energy Market (IEM) and close regulatory alignment. 

Many are also calling for a comprehensive energy and climate chapter as part of a future trade agreement with the EU. 

Whitehall is abuzz with reports of a creative solution to membership of the Customs Union, whereby an agreement on goods can be made, but with Britain still able to strike future trade deals on services. This same creative accounting might have to be applied to the IEM as Brexit talks enter this critical stage. 

In other news, the Energy Price Cap Bill will likely finish its last Parliamentary stage in June. This is despite a defeat for the Government over the Bill in the Lords. Peers voted by a margin of just one vote for a Labour amendment that would introduce a ‘relative’ price cap once the absolute one ends. 

The Bill will now have to return to the Commons, where the Government could reject the amendment, or offer a compromise. After this, it will be for Ofgem to consult on how the cap will be implemented by the end of the year. 

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Contact us for a free consultation today to find out how we can help you manage risks and identify opportunities.

Andrew Huckle, Monitoring Consultant
Andrew Huckle
Monitoring Consultant

Andrew Huckle is DeHavilland's dedicated Monitoring Consultant for Energy and Environmental Policy. A graduate of the University of Leicester and King's College London, where he read International Studies and European Studies respectively, he has previously worked as a Parliamentary Research Assistant and completed a traineeship with the European External Action Service.