The UK’s referendum result may spell a period of uncertainty for the energy sector but it would require a particularly extreme shift in the make-up of the UK Government to change the course of UK energy policy in the short term.
The UK is likely to maintain a strong position in addressing climate change and deploying renewable technologies. However, the cost of upholding the trilemma, both for the Government and for households, is likely to increase. National Grid has suggested that leaving the EU could cost the UK up to £500 million per year in the 2020s, as a result of uncertainty over energy and climate investments.
Edelman has prepared a full briefing on the implications of Brexit for the Energy industry, to read it please click here or see below.
For more information please contact Andrew Mitchell, Group Director – Energy at Andrew.Mitchell1@edelman.com or +44 20 3047 2489.