Brexit has led to reduced trading over Irish electricity interconnectors and increased the frequency of extreme prices. With the end of the Brexit transition period, Great Britain left the internal energy market of the European Union (IEM). As part of the Northern Ireland protocol, though, the single electricity market (SEM) of the island of Ireland has remained intact. Brexit has led to a decrease in the use of the SEM’s interconnectors with Britain however, with the average utilisation in January falling 150MW.
Current 17th Feb 2020 read more »