European Affairs Committee
16 June 2026
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European Affairs Committee Actual start House of Lords
16:48 - 18:25
Speaker 1
Good morning and welcome to this public evidence session of the House of Lords Select Committee on European Affairs. We're looking into the issue of dynamic alignment and today we are focusing on the issue of electricity trading, one of the prospective agreements which the government has said it will negotiate. And we're delighted to welcome as our first witnesses this morning Mr. Adam Berman, who's Director of Policy and Advocacy at Energy UK, Mr. Mark Copley, who's CEO of Energy Traders Europe, and Mr. Jack Pardoe, who's Head of Policy at Octopus Energy.
It's a public session, it's being broadcast, there will be a transcript produced and you will be provided with a draft to check for any errors and omissions you may find. And we hope to conclude the session by 12 o'clock. So with that in mind, if the questions and answers could be as concise as is reasonable, and don't feel you all have to answer every question if you've got nothing to add, just say, but if you do have something to add, then of course please do.
If we're content, I'll kick us off then with a general question, which is just to sort of set the scene as it were for our evidence, and that is how does electricity trading between the UK and the EU take place at present? Is work continuing on both sides to try and implement the electricity trading arrangements foreseen in the TCA, or has that really rather been superseded by the negotiations that are now underway? Who would like to start us off on that? Should we go from left to right? Yeah.
18:25 - 19:03
Speaker 2
So, a very good morning to everyone. The status quo as it currently stands post-Brexit is that we have moved from what was called implicit trading through the internal energy market of the European Union to something called explicit trading. The, just to use a slightly glib analogy here, it would be like going from booking a package holiday where with one click of your mouse you book the accommodation, the transfers, the travel, some sort of excursions, to actually booking everything separately.
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