Britain’s exit from the European Union could leave companies planning to build more power interconnections at the mercy of possible new trading arrangements and potential tariffs, Norway’s state-owned grid operator Statnett said.
Statnett and Britain’s National Grid agreed before the Brexit vote to construct the first interconnector between the two countries by 2021.
A separate consortium of Norwegian energy companies and Sweden’s Vattenfall is seeking to build a second cable by 2022-2023 for about 2 billion euros ($2.33 billion).
Brexit could mean that new trading arrangements may be required to sell power via the interconnectors as Britain might not be allowed to participate in the European spot and intra-day power trading market, according to the Norwegian grid. Read More
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