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Treasury sets out benefits of single EU electricity market

Treasury sets out benefits of single EU electricity market


 

A fully-integrated electricity market could by 2030 provide savings of between €12.5bn and €40bn a year across the EU, research by the government has said. In its analysis of the long-term economic impacts of EU membership, published on Monday 18 April, the Treasury found that the UK would by 2030 be able to add 0.1% to its GDP through being part of the integrated electricity market. The report also highlighted the benefits of the European Commission’s energy union package, which it said would “increase energy security, sustainability and competitiveness”, potentially leading to cheaper energy costs for consumers. 

 

Treasury