Gemserv is responding from the perspective of a UK based independent specialist utilities consultancy firm, heavily involved in the UK energy market and environment sector. Gemserv has been at the heart of the UK energy market since 2002, and in particular, manages central market industry codes, agreements and systems such as the Smart Energy Code Administrator and Secretariat (SECAS), the assurance provider for the Retail Market Design Service (RMDS) in Ireland, and as the administrator for the Microgeneration Certification Scheme (MCS).
Our response focuses on two of the questions posed by the ECCC as part of this enquiry: What are the implications of the UK’s exit from the EU on both the UK’s and the EU’s COP21 pledges; and What should be the Government’s priorities in deciding which EU-led climate policies and legislation to retain?
The following summarises our key points:
- Article 50 will take some time to conclude, which in itself, could, if not managed well, create a period of instability;
- We have an ongoing period of compliance pending the negotiated exit from the EU, meaning that the legislative obligations that we have in place today will continue for the foreseeable future; and
- The UK market requires a period of strong stabilisation to build investor confidence. We believe this requires a stronger policy statement of intent with respect to the legislative review for a post-Brexit world, in order to reinforce the UK’s commitment towards the pledges made in respect of the EU’s COP21, and to provide stability during the course of the review.
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