Policy paper - Trading electricity with the EU
Wednesday, 3 February 2021 17:44
The Department for Business, Energy & Industrial Strategy has
published a policy document informing people working in the Great
Britain and Northern Ireland electricity markets and other
stakeholders about changes to the trading and supply of electricity
from 1 January 2021. The UK government has concluded a Free Trade
Agreement with the EU to come into effect following the transition
period,...Request free trial
The Department for
Business, Energy & Industrial Strategy has published a
policy document informing people working in the
Great Britain and Northern Ireland electricity markets and
other stakeholders about changes to the trading and supply
of electricity from 1 January 2021.
The UK government has concluded a Free Trade Agreement with
the EU to come into effect following the transition period,
ending 31 December 2020. This agreement provides a
framework for future electricity trading across
interconnectors between the UK and the EU. The agreed model
of trading will take time to develop and will not be in
place for 1 January 2021. Previously developed and
communicated alternative arrangements – which will continue
to allow trade and mutual support for security of supply –
will need to be implemented in the interim, enduring until
the agreed trading model can be put in place.
The document published today adds details of guidance
sent to transmission system operators and relevant
electricity market operators on the development and
implementation of the new electricity trading
arrangements.
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