The Utility Regulator,  the National Regulatory Authority(NRA) for Northern Ireland, has published this updated note which provides guidance to affected entities as to whether and how to re-register under REMIT in the event of a No-deal Brexit. This follows information published by ESMA and the FCA earlier this week (see here).

In the event of a No-deal Brexit, entities in the UK that wish to trade in the EU wholesale energy markets will be required to re-register with an EU NRA. Re-registration with one of the UK NRAs will also be required if trading in the UK. The note provides updates to the discussions that took place earlier this year, when a No deal Brexit was potentially to take place (see here).