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Brexit cuts trading on GB-Ireland interconnectors fueling power prices

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Britain’s exit from the EU has resulted in reduced trading on the electricity interconnectors between GB and Ireland and increased the frequency of extreme prices, data consultancy EnAppSys said.

The GB electricity market left the internal energy market of the European Union (IEM) following the end of the Brexit transition period on January 1, 2021. As part of the withdrawal agreement between the UK and the EU, the Northern Ireland protocol ensured that the single electricity market (SEM) of …

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