Thursday, December 31, 2020
The EU holds all the power
As it happens the headline to this post can be read literally, as according to the Independent, the EU has secured the ability to shut off gas and electricity supplies if the UK tries to seize control of disputed fish stocks in future.
The paper quotes the Institute for Government, who believe that this sanction – which would hike prices and possibly trigger blackouts – makes a mockery of the prime minister’s claim to have “taken control” of British waters in his trade agreement:
The little-noticed clause in the vast 1,255-page text allows Brussels to kick the UK out of its electricity and gas markets in June 2026, unless a fresh deal is agreed.
The date set is – deliberately – the same as for the review of fishing rights, when Mr Johnson has insisted the UK will finally grab a large share of stocks, having failed to do that in his agreement.
The Institute for Government said Brussels had been determined to secure a connection “between energy and fish” in the negotiations that finally concluded on Christmas Eve.
“It seems that, in the weeds of the deal, they’ve succeeded,” Maddy Thimont Jack, the IfG’s associate director, told The Independent:
“By including annual negotiations on energy from 2026, it would be very easy to leverage access to the EU’s energy market in the annual talks on fish – also starting in 2026.
“This is just another reason why the UK will likely struggle to take back control of any more of its waters in the years to come.”
Losing power supplies could have a significant impact on the UK, which brings in about 8 per cent of its demand through huge power cables under the Channel.
It has previously been suggested that costs could rise by £2bn and that it would be difficult to find replacement supplies to prevent blackouts at times of peak demand.
So not only has the Prime Minister broken the promises he made to fishermen in the agreement but he has signed away any hope of recovering the position for them in the future. Nice one, Johnson.
The paper quotes the Institute for Government, who believe that this sanction – which would hike prices and possibly trigger blackouts – makes a mockery of the prime minister’s claim to have “taken control” of British waters in his trade agreement:
The little-noticed clause in the vast 1,255-page text allows Brussels to kick the UK out of its electricity and gas markets in June 2026, unless a fresh deal is agreed.
The date set is – deliberately – the same as for the review of fishing rights, when Mr Johnson has insisted the UK will finally grab a large share of stocks, having failed to do that in his agreement.
The Institute for Government said Brussels had been determined to secure a connection “between energy and fish” in the negotiations that finally concluded on Christmas Eve.
“It seems that, in the weeds of the deal, they’ve succeeded,” Maddy Thimont Jack, the IfG’s associate director, told The Independent:
“By including annual negotiations on energy from 2026, it would be very easy to leverage access to the EU’s energy market in the annual talks on fish – also starting in 2026.
“This is just another reason why the UK will likely struggle to take back control of any more of its waters in the years to come.”
Losing power supplies could have a significant impact on the UK, which brings in about 8 per cent of its demand through huge power cables under the Channel.
It has previously been suggested that costs could rise by £2bn and that it would be difficult to find replacement supplies to prevent blackouts at times of peak demand.
So not only has the Prime Minister broken the promises he made to fishermen in the agreement but he has signed away any hope of recovering the position for them in the future. Nice one, Johnson.
Comments:
Post a Comment
<< Home
<< Home
