Brexit Monitor - The impact on the energy sector
Publisher:
PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft
A snapshot of how Britain's energy sector interconnection with Europe shapes risks and opportunities across upstream, downstream and trading operations.
Contrasting vulnerability across upstream oil and gas versus downstream electricity and gas operations
How pound depreciation reshapes energy costs for consumers and investment appeal for foreign buyers
Labor mobility restrictions creating workforce gaps, particularly for smaller energy operators
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Year:
2017
Language:
English
Pages:
18
File Format:
Abstract
Energy policy has been an important aspect of European integration since the creation of the Coal and Steel Community in 1951. In the 1990’s there was significant liberalisation and integration of the EU’s energy markets since the 1990’s and today the UK and EU27 markets are closely connected. Operators engage in joint projects in the North Sea, and real-time trade in power and gas across the English Channel is significant. As interconnectivity continues to increase cooperation between the EU27 and the UK becomes vital in any Brexit scenario.