Is the UK a net importer of energy?

In recent years, the UK has been a net importer of energy, with the EU providing 5-10% of its electricity and 4%-12% of its gas. On 1 January 2021, the UK left the EU's internal energy market.

What is EU-UK energy cooperation?

EU-UK energy cooperation is grounded on delivering the clean transition and ensuring security of energy supply. The UK has reaffirmed its ambitions on energy efficiency and renewables for 2030, and both the EU and the UK have committed to practical measures to facilitate the integration of more renewable energy sources into the electricity system.

What does the EU-UK Trade Agreement cover?

The EU-UK Trade Agreement covers cooperation on offshore renewable energy development, with a focus on the North seas (North Sea and Irish Sea). The scope of cooperation reflects the EU's strategy on offshore renewable energy.

Why are European energy companies trying to find alternatives to Russian oil?

As Europe’s energy sources continue to be fraught by the ongoing political situation with Russia, European energy companies work to find alternatives to Russian oil as a dependant fuel source.

Can the UK trade over interconnectors?

Additionally, there is a framework for transmission system operators (TSOs) to develop new arrangements for trading over interconnectors, as the UK TSOs cannot participate in internal EU procedures such as EU market coupling. This allows electricity trade with the UK to continue, although less efficiently than the system used inside the EU.

Does Euratom have a nuclear agreement with the UK?

A separate agreement between Euratom and the UK covers cooperation on the safe and peaceful use of nuclear energy. EU-UK energy cooperation is grounded on delivering the clean transition and ensuring security of energy supply.