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The economic consequences of Brexit: energy

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  • Michael G. Pollitt

Abstract

In this paper we raise a number of issues that are important for the UK to consider in the light of its decision to leave the European Union (EU). The first of these is the nature of the EU Single Market in Electricity and Gas and the UK’s role within this. The second is the nature of UK energy policy in the light of Brexit, and the opportunities for changing this. And third, we consider some of the key issues to be addressed in a negotiating position with the EU.

Suggested Citation

  • Michael G. Pollitt, 2017. "The economic consequences of Brexit: energy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(suppl_1), pages 134-143.
    • Handle: RePEc:oup:oxford:v:33:y:2017:i:suppl_1:p:s134-s143.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grx013
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    1. Michael G. Pollitt and Karim L. Anaya, 2016. "Can current electricity markets cope with high shares of renewables? A comparison of approaches in Germany, the UK and the State of New York," The Energy Journal, International Association for Energy Economics, vol. 0(Bollino-M).
    2. Tooraj Jamasb and Michael Pollitt, 2005. "Electricity Market Reform in the European Union: Review of Progress toward Liberalization & Integration," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 11-42.
    3. Newbery, David & Strbac, Goran & Viehoff, Ivan, 2016. "The benefits of integrating European electricity markets," Energy Policy, Elsevier, vol. 94(C), pages 253-263.
    4. Pollitt, Michael G., 2012. "The role of policy in energy transitions: Lessons from the energy liberalisation era," Energy Policy, Elsevier, vol. 50(C), pages 128-137.
    5. Helm, Dieter, 2004. "Energy, the State, and the Market: British Energy Policy since 1979," OUP Catalogue, Oxford University Press, number 9780199270743.
    6. Pollitt, Michael G., 2012. "Lessons from the history of independent system operators in the energy sector," Energy Policy, Elsevier, vol. 47(C), pages 32-48.
    7. Pollitt, M.G., 2009. "Electricity Liberalisation in the European Union: A Progress Report," Cambridge Working Papers in Economics 0953, Faculty of Economics, University of Cambridge.
    8. Jamasb, T. & Pollitt, M., 2004. "Electricity Market Reform in the European Union: Review of progress towards liberalisation and integration," Cambridge Working Papers in Economics 0471, Faculty of Economics, University of Cambridge.
    9. Jamasb,Tooraj & Pollitt,Michael G. (ed.), 2011. "The Future of Electricity Demand," Cambridge Books, Cambridge University Press, number 9781107008502.
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    Cited by:

    1. Rydin, Yvonne & Turcu, Catalina, 2019. "Revisiting urban energy initiatives in the UK: Declining local capacity in a shifting policy context," Energy Policy, Elsevier, vol. 129(C), pages 653-660.
    2. Guo, Bowei & Newbery, David, 2021. "The cost of uncoupling GB interconnectors," Energy Policy, Elsevier, vol. 158(C).
    3. Do, Hung Xuan & Nepal, Rabindra & Jamasb, Tooraj, 2020. "Electricity market integration, decarbonisation and security of supply: Dynamic volatility connectedness in the Irish and Great Britain markets," Energy Economics, Elsevier, vol. 92(C).
    4. Geske, Joachim & Green, Richard & Staffell, Iain, 2020. "Elecxit: The cost of bilaterally uncoupling British-EU electricity trade," Energy Economics, Elsevier, vol. 85(C).
    5. Rocco, Matteo V. & Guevara, Zeus & Heun, Matthew Kuperus, 2020. "Assessing energy and economic impacts of large-scale policy shocks based on Input-Output analysis: Application to Brexit," Applied Energy, Elsevier, vol. 274(C).
    6. Cairney, Paul & McHarg, Aileen & McEwen, Nicola & Turner, Karen, 2019. "How to conceptualise energy law and policy for an interdisciplinary audience: The case of post-Brexit UK," Energy Policy, Elsevier, vol. 129(C), pages 459-466.
    7. Michael G Pollitt, 2022. "The further economic consequences of Brexit: energy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 38(1), pages 165-178.
    8. Augustine O. Ifelebuegu & Kenneth E. Aidelojie & Elijah Acquah-Andoh, 2017. "Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security," Energies, MDPI, vol. 10(12), pages 1-15, December.
    9. Newbery, David & Pollitt, Michael G. & Ritz, Robert A. & Strielkowski, Wadim, 2018. "Market design for a high-renewables European electricity system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 695-707.
    10. Caterina Moschieri & Daniel J. Blake, 2019. "The organizational implications of Brexit," Journal of Organization Design, Springer;Organizational Design Community, vol. 8(1), pages 1-9, December.
    11. Lynch, Muireann A, 2017. "Re-evaluating Irish energy policy in light of brexit," Research Notes RN20170201, Economic and Social Research Institute (ESRI).
    12. Emmanuel Brunet-Jailly, 2021. "Introduction: How the British-exit is Impacting the European Union?," International Studies, , vol. 58(2), pages 133-149, April.
    13. Elijah Acquah-Andoh & Augustine O. Ifelebuegu & Stephen C. Theophilus, 2019. "Brexit and UK Energy Security: Perspectives from Unconventional Gas Investment and the Effects of Shale Gas on UK Energy Prices," Energies, MDPI, vol. 12(4), pages 1-21, February.
    14. Castro, Manuel, 2017. "Assessing the risk profile to security of supply in the electricity market of Great Britain," Energy Policy, Elsevier, vol. 111(C), pages 148-156.
    15. Chini, Christopher M. & Stillwell, Ashlynn S., 2020. "The changing virtual water trade network of the European electric grid," Applied Energy, Elsevier, vol. 260(C).
    16. Philip Mayer & Christopher Stephen Ball & Stefan Vögele & Wilhelm Kuckshinrichs & Dirk Rübbelke, 2019. "Analyzing Brexit: Implications for the Electricity System of Great Britain," Energies, MDPI, vol. 12(17), pages 1-27, August.
    17. McQuinn, Kieran & Foley, Daniel & O'Toole, Conor, 2017. "Quarterly Economic Commentary, Summer 2017," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC20172.

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    More about this item

    Keywords

    Brexit; energy policy;

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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