The CRU has published an information note regarding gas and electricity in the event of a disorderly, or ‘no deal’, Brexit.
Ireland trades both gas and electricity with Great Britain through interconnectors. In the event of a no deal Brexit on 30 March 2019, this trade, in both gas and electricity, will continue.
There is an all-island wholesale electricity market, called the Single Electricity Market or SEM. The SEM will continue to operate in the event of a no deal Brexit on 30 March 2019.
Flows of gas between Great Britain and Ireland take place through the gas interconnectors. Trade across these interconnectors is facilitated by a European trading platform. In the event of a no deal Brexit, this platform will continue to be used, and trade will be unaffected. Gas will continue to flow.
The Single Electricity Market allows generators and suppliers to trade electricity in a single market across the island of Ireland. This all-island trade will continue, even in the event of a no deal Brexit. Trade between Ireland and Great Britain, through the interconnectors, will continue although this trade may be less efficient, as some of the European platforms may not be used in the same way as today.
To see the CRU information note regarding gas and electricity in the event of a disorderly, or ‘no deal’, Brexit, click here.