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Brexit

Brexit and the Internal Energy Market

The UK’s departure from the European Union, scheduled for March 2019, creates several areas of uncertainty in terms of the regulation of both the financial and energy markets.

This article on the Euractiv web site summarises a report by Chatham House (see here) which argues that in the short term, if an agreement is not reached by the departure date, there is a great deal of merit in the UK staying in the Energy Union and Internal Energy Market , given the number of inter-connectors  being built to the European Continent.

This article on The Guardian web site also examines the issues and looks wider, considering the UK’s future role in the Emissions Trading Scheme (ETS). This article on the Wind Power Monthly web site reports on discussions that have taken place between industry and the UK government, also urging for a way to be found for the UK to stay inside the Enegry Union.

This discussion is likely to continue unfolding over the coming months.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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