| Topic: | Energy prices rising due to Brexit | |
| Posted by: | T P Howell | |
| Date/Time: | 13/09/21 23:29:00 |
| And still more. Electricity wholesale prices have been up to three times higher at certain times than previous years. We can look ahead to an expensive winter, and increased fuel poverty. A significant part of the increase is a direct consequence of Brexit (or rather, the government choosing not to remain part of the European energy market, which it could have done notwithstanding Brexit). See: https://www.enappsys.com/gbdayahead/ "Now that the GB market has left the EU internal energy market, it has left the day-ahead market coupling arrangements. The IEM day-ahead market coupling process with its implicit allocation of capacity on the interconnectors has meant that power flowed from the continent to the GB market at a much lower price. However, with the interconnectors now falling back to explicit auctions, this has resulted in extreme prices for capacity when the GB market is under stress." Yet another "Brexit dividend". |