Import and export tariffs on energy are unlikely to be introduced if the UK leaves the European single market, even if the country reverts to World Trade Organisation (WTO) rules, British utility Centrica said.
The implications of Brexit for the British and mainland European energy markets are unclear, although Centrica said consistent rules governing energy trade will be vital moving forwards.
Since Britain voted to leave the EU on 23 June, system operator National Grid has continued to implement changes under EU directives to remain compliant with EU law. The fallout from Brexit and its impact on European energy markets will be a major talking point for the foreseeable future.
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