Hard Brexit Impact Analysis

Page 85 of 106 Category If no agreement is reached: Consequence EU Document Trade Energy Market Applications and Enforcement: The registration form has to be submitted prior to entering into a transaction which is required to be reported. The national regulatory authority registering market participants from the United Kingdom is responsible for ensuring that the enforcement provisions WITHDRAWAL OF THE UNITED KINGDOM AND THE INTERNAL ENERGY MARKET Trade Energy Market INVESTMENTS IN TRANSMISSION SYSTEM OPERATORS: On the date of withdrawal TSOs controlled by investors from the United Kingdom are TSOs controlled by persons from a third country. For these TSOs to continue their activity in the EU, they require a new EU certification. Member States may refuse certification where granting certification poses a threat to security of supply of the Member State. WITHDRAWAL OF THE UNITED KINGDOM AND THE INTERNAL ENERGY MARKET Trade Energy Market CONDITIONS FOR GRANTING AND USING AUTHORISATIONS FOR THE PROSPECTION, EXPLORATION AND PRODUCTION OF HYDROCARBONS: As of the withdrawal date According to the second sub-paragraph of Article 2(2) of Directive (EU) 94/22/EC, Member States may refuse on grounds of national security to allow access to and exercise of these activities to any UK entity as they will then be defined as being effectively controlled by third countries / third country nationals. WITHDRAWAL OF THE UNITED KINGDOM AND THE INTERNAL ENERGY MARKET Trade Energy Origin GUARANTEES OF ORIGIN: Member States must ensure that a guarantee of origin is issued in response to a request from a producer of electricity from renewable energy sources. The guarantees of origin are issued for the purposes of proving to the final customers the share or quantity of energy from renewable energy sources in an energy supplier's energy mix. As of the withdrawal date Guarantees of origin that have been issued by designated bodies in the United Kingdom will no longer be recognised by the EU 27 Member States. WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF GUARANTEES OF ORIGIN OF ELECTRICITY FROM RENEWABLE ENERGY SOURCES