The Brexit negotiations are approaching their end, and a no deal is currently still a possible outcome. What does this mean for EPEX SPOT GB market?
In case of a no deal Brexit, the 12:00 Day-Ahead power markets of Great Britain will be fully decoupled from Continental Europe and from Ireland. EPEX SPOT is fully prepared for this : technically, operationally and contractually.
EPEX SPOT already runs every day a local Day-Ahead GB Auction at 15:30, as well as an extra-EU Day-Ahead auction in Switzerland. EPEX SPOT is therefore fully equipped to operate the Day-Ahead 12:00 GB market, under the current pan-European procedures, or autonomously in Great Britain in case of a no deal Brexit.
We are also confident of running a robust, intrinsically liquid 12:00 Day-Ahead auction in GB, providing the most reliable reference price due to the high number of diverse members that participate in it every day.
EPEX SPOT is committed to ensure a transition that is as smooth as possible for our trading members in GB, under all political circumstances.
If you have any questions, please contact your Key Account Manager or send an email to sales@epexspot.com