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Energy Costs Could Rise If U.K. Leaves Common Energy Market

  • Single market allows gas and power to move across borders
  • Britain is net importer of energy and is building more links
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Photographer: Chris Ratcliffe/Bloomberg

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The U.K. may scrap the European Union’s rulebook on energy when it leaves the bloc next year, a move that would complicate trading and potentially push up power and gas prices for households and factories.

The government said Thursday it’s considering whether to leave the single market for energy as part of its Brexit planning and will explore how it could access interconnectors that already link the island nation to the continent. But even so, standing outside the common market would complicating the system that allows electricity and natural gas to flow freely across borders.