Brexit briefing - power & utilities

Brexit - power & utilities

EU legislation has a very significant impact on the Power and Utilities (P&U) sector.

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Brexit briefing - power & utilities

Overview

EU legislation has a very significant impact on the Power and Utilities (P&U) sector.

The GB energy market is also increasingly integrated with the Single Energy Market in Europe.

  • The impact of Brexit on the P&U sector will depend on:
  • the new relationship the UK has with the EU, and
  • the make up of the new Government, whether there are changes to the direction of energy and climate policy; and whether policy decisions get delayed as resources in Government are diverted to the EU negotiations.
  • The market fundamentals for P&U in the UK remain largely unchanged – the need for significant investment in the energy and water sectors, and the need (over the longer term) to decarbonise the economy, remain in place.
  • The impact on regulated networks, or existing assets, will be less marked than the possible impacts on new investments. Much will depend on the confidence of international investors.
  • KPMG has tools available to help your business think through and address the impacts (at: kpmg.com/uk/euref, in the ‘EU Referendum Forum’).

 
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