Leaving the EU would threaten investment in energy, hitting jobs and pay in the industry, Labour has warned.
Oil and Gas firms trading with EU countries face three possible outcomes if the UK chooses Brexit on 23 June.
The chief executive of French energy giant EDF today insisted its multibillion-pound plans for a new nuclear power station at Hinkley Point would not be affected if the UK votes to leave the EU.
Strange as it may sound, despite the UK being part of the EU single market, currently there is no truly level playing field where the UK generators can compete with their counterparts in the rest of the EU.
The UK’s renewable energy industry could be harmed by Brexit with the loss of incentives to develop a low-carbon economy, legal experts have warned.
Leaving the European Union could push up bills and threaten the UK’s energy security, Energy and Climate Change Secretary Amber Rudd has warned.
Energy costs could “rocket” by half a billion pounds a year if the UK quits the European Union, Energy and Climate Change Secretary Amber Rudd will warn on Thursday. Pointing to a report by National Grid on the consequences of leaving the EU, she will say that the “massive electric shock” of Brexit could push up British bills by the equivalent of around £1.5 million a day.
Eurosceptic Conservative MPs are backing Labour moves to block an increase to taxes on solar panels and other energy saving measures.