The implications of Brexit for the electricity sector in Great Britain: Trade-offs between market integration and policy influence

Lockwood, Matthew; Froggatt, Antony; Wright, Georgina; Dutton, Joseph

doi:10.1016/j.enpol.2017.08.021

Cited by 21 publications

(17 citation statements)

References 2 publications

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“…The UK's electricity markets and the regulatory landscape are currently compliant with the EU regulation. Indeed, some studies such as in [108] analysed the implications of Brexit on the electricity sector and how the UK could lose the economic benefits of the interconnectors of some EU countries. These interconnectors usually provide valuable services to the UK's electricity network by managing intermittent RESs.…”

Section: Summary and Brexit Discussionmentioning

confidence: 99%

On the Role of Regulatory Policy on the Business Case for Energy Storage in Both EU and UK Energy Systems: Barriers and Enablers

et al. 2020

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This paper presents a SWOT analysis of the impact of recent EU regulatory changes on the business case for energy storage (ES) using the UK as a case study. ES technologies (such as batteries) are key enablers for increasing the share of renewable energy generation and hence decarbonising the electricity system. As such, recent regulatory changes seek to improve the business case for ES technologies on national networks. These changes include removing double network charging for ES, defining and classifying ES in relevant legislations, and clarifying ES ownership along with facilitating its grid access. However, most of the current regulations treat storage in a similar way to bulk generators without paying attention to the different sizes and types of ES. As a result, storage with higher capacity receives significantly higher payment in the capacity market and can be exempt from paying renewable energy promotion taxes. Despite the recent regulatory changes, ES is defined as a generation device, which is a barrier to a wide range of revenue streams from demand side services. Also, regulators avoid disrupting the current energy market structure by creating an independent asset class for ES. Instead, they are encouraging changes that co-exist with the current market and regulatory structure. Therefore, although some of the reviewed market and regulatory changes for ES in this paper are positive, it can be concluded that these changes are not likely to allow a level playing field for ES that encourage its increase on energy networks.

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Section: Summary and Brexit Discussionmentioning

confidence: 99%

On the Role of Regulatory Policy on the Business Case for Energy Storage in Both EU and UK Energy Systems: Barriers and Enablers

et al. 2020

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“…The development of a common EU electricity market is 27 years in the making and it is still in process. In the policy of the electricity sector of the member states, actions and regulations are mainly based on the EU agreements and targets [11]. EU legislation and directives issued since 1990 have gradually harmonized the structure of the electricity sector in the member states and a common electricity policy is currently being implemented for the whole region.…”

Section: Eu Policy In the Electricity Sectormentioning

confidence: 99%

Achievements of the European Union Countries in Seeking a Sustainable Electricity Sector

Šikšnelytė

Zavadskas

2019

Energies

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The electricity production sector has a significant share of final energy consumption and has a huge potential to use more renewable energy sources. Over the last two decades, the European Union (EU) reform of electricity markets has had positive results, and market liberalization acts as a stimulus for energy efficiency, lower prices, and technological progress. Today’s EU policy for the development of electricity and the entire energy sector seeks to provide system modernization, stability, reinforcement of the single market, and implementation of climate change policy with an emphasis on the decarbonization of energy sources and the increase of energy efficiency. After all of the EU efforts to form an electricity sector in member states, it is necessary to assess the efficiency of the policy implemented and to identify the results achieved in shaping a sustainable electricity sector. The purpose of this article is to carry out a sustainability assessment of the electricity sector in the EU countries. A set of eight indicators designed to assess the sustainability of the electricity sector of different EU countries in 2017 has been drawn up. The assessment is made using the multi-criteria decision-making method (MCDM) Technique for Order Preference (TOPSIS). The assessment shows that the electricity market of Slovenia is the most sustainable, with Luxembourg in the second position in the EU.

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“…The impact of UK-Nordic interconnectors on power prices in the UK [6], on social welfare gain [7], and on wind integration [8] has proved to be positive for the UK. Despite the Brexit Lockwood et al [9] argues that the UK should pursue the planned interconnections to reduce the costs and losses. Relatively low and stable electricity prices in the Nordic power market can potentially reduce the need for thermal power plants at peak hours in the UK.…”

Section: Introductionmentioning

confidence: 99%

The direct interconnection of the UK and Nordic power market – Impact on social welfare and renewable energy integration

Zakeri

Price

Zeyringer

et al. 2018

Energy

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United Kingdom and the Nordic power market have plans to interlink directly through a subsea power transmission line in The North Sea. Such power market couplings have complicated implications for the interconnected energy systems and for different agents in the common power market. We analyse this case by modelling the hourly operation of the Nordic-UK power market coupling, considering the local district heating (DH) system in each country as well. According to the results, after the operation of the new interconnection between Norway and the UK (North Sea Link), the overall socioeconomic benefits (social welfare) in the region will likely improve by 220-230 million euro per year, without considering the cost of the interconnector itself. The UK-Nordic market coupling enhances the flexibility of the UK power system in wind integration, irrespective of the share of wind in the Nordic countries. However, increasing wind capacity in the UK will diminish the economic benefits of the link. The merit order effect of wind integration in the UK will reduce the price gap between UK and Norway, and so the congestion income of the link in many hours a year when the link is congested from Norway towards the UK.

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The implications of Brexit for the electricity sector in Great Britain: Trade-offs between market integration and policy influence

Cited by 21 publications

References 2 publications

On the Role of Regulatory Policy on the Business Case for Energy Storage in Both EU and UK Energy Systems: Barriers and Enablers

On the Role of Regulatory Policy on the Business Case for Energy Storage in Both EU and UK Energy Systems: Barriers and Enablers

Achievements of the European Union Countries in Seeking a Sustainable Electricity Sector

The direct interconnection of the UK and Nordic power market – Impact on social welfare and renewable energy integration

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