For several decades, the United Kingdom has been vital to the formation of the European energy market. It was one of the first European countries to privatise and deregulate its national electricity and gas markets, and has since benefited from the collective power of the EU to counter the threats of energy exporters such as Russia, thereby minimising the risks for national energy security. How Britain’s exit will affect EU-Russia energy links and the EU’s energy security is of critical importance to Europe’s currently tense relationship with its large neighbour.
The British energy market is, at present, deeply integrated into the …read more
Source: Europe’s World