A new report on Brexit and energy security published today by the House of Lords EU committee that Brexit could lead to an increase in energy bills and could leave the UK more vulnerable to future energy supply shortages.
The report states that “Post-Brexit, the UK may be more vulnerable to supply shortages in the event of extreme weather or unplanned generation outages”, and that “It is likely that the UK’s withdrawal from the EU will lead to less efficient energy trade, which could in turn increase the price paid by consumers for energy security.”
Commenting, Peter Kyle MP, leading supporter of Open Britain, said:
“The Brexit hardliners literally want to take this country back to the Dark Ages, in this case by turning out the lights.
“This new report from the Lords EU committee shows Brexit could drive up fuel bills and make the UK more vulnerable to energy shortages. This is yet another new fact about Brexit that no-one could have known for sure during the referendum.
“Nobody voted for a Brexit that leaves everyone poorer through rip-off energy bills, and that could jeopardise the UK's energy security. Everyone can keep an open mind about whether this is really the right path for the country.”
Notes to editors:
The full report can be read here.