The vote to leave the European Union will increase the costs incurred during the next capacity auction by £364 million, Cornwall Energy has predicted. Without the uncertainty created by Brexit the auction would other cost “in the region of £2.1 billion”, rather than the £2.4 billion now predicted. “Throughout the period of the Brexit negotiations, we can reasonably anticipate a risk premium being priced into all forward capacity market auctions, the cost of which will ultimately flow through to consumers’ bills,” it said in a report.
Utility Week 13th July 2016 read more »