UK willing to discuss paying into EU to join electricity market

· Energy · United Kingdom · European Union

Britain is willing to discuss paying towards infrastructure schemes in poorer parts of the EU in return for access to the European electricity market, according to the minister in charge, Hamish Falconer. He said the UK has "not accepted the principle" of linking electricity trade to the bloc's "cohesion fund," but that the two sides will discuss the issue. The talks reflect efforts to deepen energy ties after Brexit disrupted electricity trading arrangements between Britain and the EU.

Why it matters：Closer UK-EU electricity trading could lower costs and improve supply security, a test of post-Brexit cooperation.

Key points

  • The UK may pay into EU infrastructure schemes for market access.
  • London has not accepted linking trade to the cohesion fund.
  • Brexit disrupted electricity trading arrangements.

Sources (original reporting)

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