Britain faces an “electric shock” costing consumers at least £500m a year if it leaves the EU, the energy secretary will claim on Thursday. Amber Rudd will invoke the threat of Russia blocking gas supplies to Europe and the risk of losing billions of pounds of EU investment to urge voters to reject a departure from the EU in the June 23 Brexit referendum. “Being in the EU helps us attract billions and billions of pounds of investment in our energy system and supply chain,” she will tell employees at the Britned electricity interconnector in Kent that links the UK with the Netherlands. “Taken together, this investment helps support 660,000 jobs in the UK’s energy sector. Does anybody really think all of that investment would continue if we left the EU, and with no extra costs?”
FT 23rd March 2016 read more »