Interesting article on the energy crisis
Energy prices are increasing markedly across Europe – but the problem is particularly intense in the UK.This is frustrating, given that politicians have been warned for years of energy prices rising after Brexit, in the event that close harmony wasn’t maintained with the continent.In March, the House of Lords EU Environment Sub-Committee published a new report, warning that energy prices would rise due to the inefficiency of current cross-border electricity trading arrangements between the UK and Europe.It states: “As an EU member state, the UK played a leading role in developing EU energy policies. These in turn shaped how the UK could pursue secure, affordable, and clean energy supplies. The UK was part of the [Internal Energy Market’s] price coupling arrangements for cross-border electricity trading as an EU member state, but left the arrangements at the end of the transition period. Great Britain is currently trading electricity with continental Europe and with the [single market] through less efficient arrangements.”https://bylinetimes.com/2021/09/20/the-brexit-tax-how-boris-johnson-broke-his-promise-on-energy-prices/
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