Member

In addition, I am pleased to inform the House that the UK and the European Commission have concluded exploratory talks on the UK’s participation in the EU’s internal electricity market. The details of this will be set out in an exchange of letters between me and Commissioner Maroš Šefčovič, to be published next week. Closer co-operation on electricity will bring real benefits to businesses and consumers across Europe. It will drive down energy costs and protect consumers against volatile fossil fuel markets. It will also drive up investment in the North Sea and strengthen energy security. The UK and the EU will now proceed swiftly with negotiations on a UK-EU electricity agreement.