Description

On 23 June 2016 the United Kingdom voted to leave the European Union, revoking its status as a member state. This landmark referendum, referred to as Brexit, has sent shock waves across Europe and the world causing significant uncertainty within markets, including energy. This market insight provides Frost & Sullivan's verdict on key areas within the energy sector where Brexit is expected to have an impact and the level of uncertainty caused by it. Brexit and its effect on areas such as fuel prices, retail energy costs, nuclear projects, commitment to renewable energy, energy efficiency, progress towards a single market, investment from European-owned power utilities, cost of infrastructure projects, and status of coal are discussed.