Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether a Regulatory Impact Assessment has been produced in relation UK membership of the EU Electricity Market and the ETS scheme.

We will negotiate an electricity agreement with the EU to cut the cost of trading electricity with European partners, strengthen our energy security, drive investment in the North Sea, and help to achieve our Clean Power 2030 Mission. In parallel, the Government is negotiating the potential for linking the UK and EU Emissions Trading Schemes, which could help UK companies avoid paying taxes on up to £7 billion of exports. The detailed commitments under any such agreement, including any assessment of impacts, will be developed as part of the negotiations.