business

Five EU Countries Push For Deal With UK On Electricity

Five EU Countries Push For Deal With UK On Electricity

Five EU countries, including Germany, have called on Brussels to speed up talks about the UK’s participation in the European electricity market, according to a letter seen by AFP Saturday. “An agreement will thus enhance Europe’s energy security and contribute to a competitive economy that centres on access to clean and affordable energy,” they said in a letter to the head of the European Commission, Ursula von der Leyen, and European Council leader Antonio Costa.

Five EU countries, including Germany, have called on Brussels to speed up talks about the UK’s participation in the European electricity market, according to a letter seen by AFP Saturday.

A highly anticipated summit between the EU and the UK is scheduled for November 20 in Brussels, after Prime Minister Andy Burnham promised to move the country closer to the bloc, 10 years after the Brexit referendum.

Items on the agenda include youth mobility, the simplification of sanitary regulations for food products and the exchange of carbon emission quotas.

But Germany, Belgium, the Netherlands, Denmark and Luxembourg want the summit to provide fresh momentum to the European electricity market.

They argue that integrating the UK into the market would help transform the North Sea region into “the largest clean energy hub in the world”, driven by wind power projects.

“An agreement will thus enhance Europe’s energy security and contribute to a competitive economy that centres on access to clean and affordable energy,” they said in a letter to the head of the European Commission, Ursula von der Leyen, and European Council leader Antonio Costa.

Among the issues to be resolved is the “entry fee” that the UK would need to pay to join the European electricity market, they added.

  • electricity
  • market
  • energy
  • countries
  • push
  • deal
  • country
  • germany

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

UK cannot ‘cherry pick’ EU single market deal, Barnier tells BBC
business

UK cannot ‘cherry pick’ EU single market deal, Barnier tells BBC

The EU’s former Brexit negotiator has warned that the UK cannot “cherry pick” which elements of the single market to which it subscribes, after Andy Burnham said he wanted to explore closer economic ties with Europe. But Michel Barnier told the BBC’s Sunday with Laura Kuenssberg that EU members would insist on the UK readopting certain conditions, such as the free movement of people, to gain access.

Read →
Africa Energy Bank: A Defining Test for Africa’s Energy Sovereignty and Just Transition
business

Africa Energy Bank: A Defining Test for Africa’s Energy Sovereignty and Just Transition

By Ambassador Gabriel Aduda Chief Insight Officer, World Energy Council Nigeria Former Federal Permanent Secretary and Former OPEC Governor for Nigeria The formal establishment of the Africa Energy Bank (AEB) by the African Petroleum Producers’ Organisation (APPO) and the African Export-Import Bank (Afreximbank), announced in Abuja on 31 October 2026, marks an important step towards African-led energy finance. Financing the Energy Trilemma Africa must balance three related goals: energy security, energy equity and environmental sustainability.

Read →
Debt of poorest countries at record $9.4tn high, World Bank data shows
business

Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for future Debt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the highest interest rates since the late 1980s, World Bank data shows. The UK government is preparing to champion a “new drive on debt” as part of its presidency of the G20 next year – a move the prime minister, Andy Burnham, has linked to confronting the legacy of slavery.

Read →
Bank of England Lifts Rate For First Time Since 2023 To Fight Inflation
business

Bank of England Lifts Rate For First Time Since 2023 To Fight Inflation

The Bank of England raised its benchmark interest rate to four percent on Thursday, the first increase in more than three years, as soaring energy costs push up global inflation. ”Bank of England Governor Andrew Bailey attends the Bank of England Monetary Policy Report press conference at Bank Of England in London on November 5, 2026.

Read →
UN, EU, Germany woo investors to Borno
business

UN, EU, Germany woo investors to Borno

…Zulum pledges business-friendly reforms By Ndahi Marama, Maiduguri The United Nations (UN), European Union (EU), German Government and other development partners are supporting efforts to attract private investment to Borno State to create jobs and help displaced families rebuild their livelihoods. At the third Borno State Private Sector Engagement and Investment Roundtable in Abuja on Thursday, representatives of the UN, EU and German Embassy pledged continued support for the state’s recovery through private sector investment.

Read →
Developing Countries’ Debt Hit Record $9.4trn In 2025 – World Bank
business

Developing Countries’ Debt Hit Record $9.4trn In 2025 – World Bank

Debt Hit Record $9.4trn In 2025 – World Bank. Haishan Fu, chief statistician at the World Bank Group, said the return of private lending to low- and middle-income countries was “welcome, but these countries are borrowing more, paying more, and in many cases leaving less for long-term development.”

Read →