Following the Prime Minister’s speech on the future relationship between the UK and EU earlier this week, Tanuja Randery, Schneider Electric’s zone president UK & Ireland, offers her comments.
In addition to her leadership role at Schneider Electric, Tanuja is on the CBI’s Energy and Climate Change Board.
In her Brexit address, Prime Minister Theresa May confirmed that the UK will be exiting the European Single Market. Tanuja comments on the impact of this on the UK energy market:
“The free-flow of energy across the EU offers the best possible chance of achieving our 2020 renewable energy targets, while ensuring security of supply for the consumer. With the news that the UK will exit the European Single Market, the government needs to make it clear how we will maintain some control over the rules that regulate our ability to freely compete.
“The UK has always been a leader in energy and climate change. But if we are to maintain this in the evolving energy market, we must consider the risks that Brexit poses. The vote to leave the EU has already created uncertainty around energy interconnectors, and the way we take advantage of these, both in terms of existing and planned projects. It’s essential that energy remains high on the Brexit agenda as access to the single market is negotiated.”
