The Confederation of British Industry (CBI) believes there is mutual benefit to both the EU and UK maintaining as close a relationship as possible post Brexit, but strong concerns remain about funding and membership of Euratom, following Britain's departure.
Negotiations are continuing between Brussels and London, but what does Brexit mean for the electric power sector? Dr Jonathan Marshall, Head of Analysis at the Energy and Climate Intelligence Unit (ECIU) spoke to Power Engineering International about the potential up and downsides.
Energy giants E.ON, RWE, EDF Npower and Aviva are among a coalition of 21 energy giants and top investors who have called on Britain and the EU to maintain close links on energy and climate policy after the UK leaves the bloc.
The Confederation of British Industry (CBI) has launched its Ã¢€ËœSmooth Operations' document, which includes recommendations for the UK government to closely align with EU rules on energy and climate change during the Brexit transition period and beyond in the "clear interest" of both UK and European businesses.