Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security

This paper articulates the potential implications of Brexit on energy policy and security in the United Kingdom (UK). Given the uncertainties associated with the decision to leave the European Union (EU), the need to consider its potential effects on the UK’s energy sector becomes even more pertinen...

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Main Authors:	Augustine O. Ifelebuegu, Kenneth E. Aidelojie, Elijah Acquah-Andoh
Format:	Article
Language:	English
Published:	MDPI AG 2017-12-01
Series:	Energies
Subjects:	BREXIT UK energy policy European Union
Online Access:	https://www.mdpi.com/1996-1073/10/12/2143

id	doaj-912d4c0b4cd1469d9f1a9a0bede23eea
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spelling	doaj-912d4c0b4cd1469d9f1a9a0bede23eea2020-11-25T00:53:32ZengMDPI AGEnergies1996-10732017-12-011012214310.3390/en10122143en10122143Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and SecurityAugustine O. Ifelebuegu0Kenneth E. Aidelojie1Elijah Acquah-Andoh2School of Energy, Construction and Environment, Coventry University, Coventry CV1 5FB, UKDepartment of Energy and Procurement, GSM London, Plymouth University, London SE1 4LG, UKSchool of Energy, Construction and Environment, Coventry University, Coventry CV1 5FB, UKThis paper articulates the potential implications of Brexit on energy policy and security in the United Kingdom (UK). Given the uncertainties associated with the decision to leave the European Union (EU), the need to consider its potential effects on the UK’s energy sector becomes even more pertinent. Through the lens of a few widely reviewed trade regimes in the light of Brexit, it can be observed that while UK energy policies are unlikely to change drastically, Brexit nevertheless threatens the UK’s capacity to safeguard its energy supply. The uncertainties following Brexit could arguably starve the UK’s upstream petroleum, electricity, and renewable energy sectors of their required investments. Both short and long-term impacts could result in UK residents paying more per unit of energy consumed in a “hard Brexit” scenario, where the UK exits the Internal Energy Market (IEM) and must trade with the EU under World Trade Organisation rules. While a hard Brexit could aid the growth of the nascent shale gas industry, a negotiated withdrawal that includes some form of access to the IEM (a “soft Brexit”) would be more beneficial for the future of energy security in the UK.https://www.mdpi.com/1996-1073/10/12/2143BREXITUKenergy policyEuropean Union
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Augustine O. Ifelebuegu Kenneth E. Aidelojie Elijah Acquah-Andoh
spellingShingle	Augustine O. Ifelebuegu Kenneth E. Aidelojie Elijah Acquah-Andoh Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security Energies BREXIT UK energy policy European Union
author_facet	Augustine O. Ifelebuegu Kenneth E. Aidelojie Elijah Acquah-Andoh
author_sort	Augustine O. Ifelebuegu
title	Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security
title_short	Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security
title_full	Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security
title_fullStr	Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security
title_full_unstemmed	Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security
title_sort	brexit and article 50 of the treaty of the european union: implications for uk energy policy and security
publisher	MDPI AG
series	Energies
issn	1996-1073
publishDate	2017-12-01
description	This paper articulates the potential implications of Brexit on energy policy and security in the United Kingdom (UK). Given the uncertainties associated with the decision to leave the European Union (EU), the need to consider its potential effects on the UK’s energy sector becomes even more pertinent. Through the lens of a few widely reviewed trade regimes in the light of Brexit, it can be observed that while UK energy policies are unlikely to change drastically, Brexit nevertheless threatens the UK’s capacity to safeguard its energy supply. The uncertainties following Brexit could arguably starve the UK’s upstream petroleum, electricity, and renewable energy sectors of their required investments. Both short and long-term impacts could result in UK residents paying more per unit of energy consumed in a “hard Brexit” scenario, where the UK exits the Internal Energy Market (IEM) and must trade with the EU under World Trade Organisation rules. While a hard Brexit could aid the growth of the nascent shale gas industry, a negotiated withdrawal that includes some form of access to the IEM (a “soft Brexit”) would be more beneficial for the future of energy security in the UK.
topic	BREXIT UK energy policy European Union
url	https://www.mdpi.com/1996-1073/10/12/2143
work_keys_str_mv	AT augustineoifelebuegu brexitandarticle50ofthetreatyoftheeuropeanunionimplicationsforukenergypolicyandsecurity AT kennetheaidelojie brexitandarticle50ofthetreatyoftheeuropeanunionimplicationsforukenergypolicyandsecurity AT elijahacquahandoh brexitandarticle50ofthetreatyoftheeuropeanunionimplicationsforukenergypolicyandsecurity
_version_	1725237574468894720

Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security

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