Thursday 17 October 2019

Outlook for New Electricity Links With Europe

In an interview with Bloomberg Alexander Temerko explained benefits of the interconnectors between France and the UK, and the membership of the Internal Energy Market. 

Alexander Temerko said “Today, we only have one problem and that is the regulation, and all the interconnectors have the same, If Brexit goes well and we leave with a deal, or if we stay in Europe, I think everything will be fine. If not, I don’t know what will happen.”

Temerko said he has raised the issue of international power cables with Johnson. “Boris is pro interconnectors,” Temerko said. “He said the U.K. needs more and cheaper electricity quickly and that he will support such businesses.”

National Grid Plc, the U.K. network manager, has also put interconnectors at the heart of its growth strategy and supported Mr. Temerko: “We continue to believe the underlying consumer and investor case remains strong for interconnectors post-Brexit,” a National Grid spokeswoman said by email. “However, we would of course like to see tariff free trade continue to ensure consumers at both ends of the cables are able to enjoy the full benefits of interconnectors.”




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