{"id":6735,"date":"2019-01-31T12:52:54","date_gmt":"2019-01-31T12:52:54","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=6735"},"modified":"2019-01-31T12:52:54","modified_gmt":"2019-01-31T12:52:54","slug":"brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/","title":{"rendered":"Brexit: No-deal Could End Up Costing Brits An Extra \u00a32.2bn In the Energy Bill"},"content":{"rendered":"
\"Brexit:
Brexit: No-deal Could End Up Costing Brits An Extra \u00a32.2bn In the Energy Bill<\/figcaption><\/figure>\n

Brexit has undeniably had a negative\u00a0impact on the household energy bills with research finding that a no-deal Brexit could cost the UK \u00a32.2 billion every year as the network connecting the UK’s\u00a0electricity supply with the EU\u00a0would no longer function as effectively.<\/p>\n

The deadline approaches and all scenarios are still possible. Brexit uncertainty has reached top levels with the negotiations on a stalemate: the EU has ruled out any chance of renegotiate the Irish backstop while the UK parliament still argues what kind of Brexit they are seeking, two years after the Referendum took place. Recently, we have seen how\u00a0the pound slipped from its twelve month high against the euro<\/a>.\u00a0This announcement is the third\u00a0occasion where, on the eve of an announcement, Theresa May\u2019s Brexit negotiations have caused a\u00a0dramatic shift in the value of the pound and, with experts unable to predict which way the pound\u2019s value will sway,\u00a0currency buyers and holidaymakers have been left reeling.<\/p>\n

In the meanwhile, from the energy supply perspective, contingency plans have started to take shape from businesses and the government alike to deal with any outcome, though they all share the same principle, they will be costly and, mostly, they will be undesired\u00a0extreme measures. Even more worryingly is the fact that the Brexit bill will utterly fall over the citizens’ shoulders.<\/p>\n

Jane Lucy, CEO and founder of Labrador is of the opinion:\u00a0 “It is undeniable that Brexit has consumed the news agenda\u00a0for the past two years. The political landscape has been in a consistent state of unrest as we have tried\u00a0to assess the impact that our exit will have on every industry throughout the UK. However, whilst the focus has been on the effect\u00a0on\u00a0large industries, we have somewhat\u00a0neglected the repercussions that leaving the EU will have on our personal finances. Energy suppliers and regulators need to be forthright to their customers now more than ever about the impact that Brexit will have on energy bills.”<\/em><\/p>\n

Due to the increasing realty of\u00a0a no-deal Brexit, it is imperative to assess the cost\u00a0that exit from the EU\u00a0will have on the bills. Currently the EU supplies 5% of the UK’s electricity and 12% of gas, upon the exit, Brexit is set to further drive up energy bills due to increased tariffs on importing gas and electricity across the Channel.<\/p>\n

“The EU\u00a0energy market is one of the most integrated markets across the continent and it is undeniable that the public deserves assurances as to the impact that Brexit will pose. Whilst the end result is still in debate, it is imperative that we start to consider how we can save money on our\u00a0energy bills. At The Labrador, we use innovative technology to ensure that our customers are always on the cheapest tariffs, saving our\u00a0customers up to \u00a3537 per year,”<\/em> concluded Jane Lucy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brexit has undeniably had a negative\u00a0impact on the household energy bills with research finding that a no-deal Brexit could cost the UK \u00a32.2 billion every year as the network connecting the UK’s\u00a0electricity supply with the EU\u00a0would no longer function as effectively. The deadline approaches and all scenarios are still possible. Brexit uncertainty has reached top […]<\/p>\n","protected":false},"author":7,"featured_media":6736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[1],"tags":[5058],"acf":[],"yoast_head":"\nBrexit: No-deal Could End Up Costing Brits An Extra \u00a32.2bn In the Energy Bill - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"Brexit has undeniably had a negative\u00a0impact on the energy bills with research finding that a no-deal Brexit could cost the UK \u00a32.2 billion every year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brexit: No-deal Could End Up Costing Brits An Extra \u00a32.2bn In the Energy Bill\" \/>\n<meta property=\"og:description\" content=\"Brexit has undeniably had a negative\u00a0impact on the energy bills with research finding that a no-deal Brexit could cost the UK \u00a32.2 billion every year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-31T12:52:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2019\/01\/energy-bill.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1380\" \/>\n\t<meta property=\"og:image:height\" content=\"776\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Brexit: No-deal Could End Up Costing Brits An Extra \u00a32.2bn In the Energy Bill\",\"datePublished\":\"2019-01-31T12:52:54+00:00\",\"dateModified\":\"2019-01-31T12:52:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/\"},\"wordCount\":514,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"keywords\":[\"brexit\"],\"articleSection\":[\"Open News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/\",\"url\":\"https:\/\/www.footballthink.com\/brexit-no-deal-end-costing-brits-extra-2-2bn-energy-bill\/\",\"name\":\"Brexit: No-deal Could End Up Costing Brits An Extra \u00a32.2bn In the Energy Bill - 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