Energy Trading – Assessing Post-Brexit Impact

Introduction

This is the first in a series of client alerts discussing the potential impact of Brexit on energy trading in the UK. This alert will focus on general trading and contractual issues, providing a high-level overview of the immediate and potential long-term repercussions of Brexit, at a time when the UK is still in the process of negotiating a permanent deal with the EU.

The EU's internal energy market

The EU Customs Union and internal energy market (IEM) provide for an immediately accessible energy market, without internal borders or other regulatory obstacles, so as to ensure the proper functioning and security of the energy supply within the territory of the EU.