Uniper sticks with UK energy even as Brexit clouds outlook

German utility Uniper will remain faithful to the UK if Brexit does not disrupt the rules and the market design in the country. The CEO says Brexit is "the political reality and something that has to happen."

Photo: Dave Gadd.

Uniper SE remains committed to the UK as long as Brexit doesn't alter the way the energy market works.

There are no clear proposals yet on how Britain will interact with the rest of the European Union after it leaves the bloc in 2019. But the utility's Chief Executive Officer Klaus Schaefer says the nation's retreat from coal-fired generation will create opportunities for the German company, whose UK business spans power plants to natural gas storage and pipelines.

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