Yellowhammer – Is there really a risk of energy price increases, or is this bird a red herring?
There have been some alarming reports in the media today about the risk of significant increases in electricity prices supposedly highlighted in the government’s Yellowhammer report on no deal Brexit impacts. I believe these are the result of misunderstanding the relevant text (below).
The document refers to the risk of ‘significant increases in electricity prices’ in Northern Ireland specifically, and then only in the event of a rapid split in the all-Ireland Single Electricity Market – something both the UK and Irish governments are intent on avoiding. There would be NO material effect on the GB electricity market either way.