Accessible to CEPS members or upon invitation – under Chatham House Rules
Electricity trade between the EU and the UK has been deeply affected by Brexit. To ensure future trading, the EU-UK Trade and Cooperation Agreement has proposed so-called Multi-Region Volume Coupling (MRLC). One advantage of MRLC is that it allows for keeping data sharing and processes separate. Nevertheless, transmission grid operators have identified a number of risks in the proposed system, including those that would affect the functioning of the EU day-ahead electricity market. If not properly designed, this could cause significant inefficiencies in the use of interconnectors and in the price formation of traded electricity. Similar concerns were raised in October 2024 by a coalition of 20 European energy associations and transmission system operators (TSOs) in a joint letter to the North Seas Energy Ministers.
The CEPS workshop will bring together relevant stakeholders to discuss the pros and cons of the proposed arrangement, other options and their technical and political feasibility.
Preceded by a light sandwich lunch from 12:45
