The UK has dropped out the top ten of the World Energy Council’s table of nations best at balancing the challenges of the energy trilemma due to energy security concerns. The rankings are based on holding down energy costs, moving towards decarbonisation and guaranteeing energy security.
The annual report which was published on 11 October showed the UK falling to 11th place although still maintaining its AAA rating. The United Kingdom has now been placed on the “negative watch list” because of the challenges to energy security partly brought about by the decision to leave the EU.
Although The World’s Energy Council also warned that the policies put in place by the EU aimed at achieving 2020 targets threatened the financial viability of the power sector which will have an impact on governments as well as energy consumers.