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2016 | 7 | nr 3 | 4--10
Tytuł artykułu

Deregulation of electricity market and drivers of demand for electrical energy in industry

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper investigates deregulation of electricity market focusing on electricity prices and drivers of demand for electrical energy in industry in Slovenia. The patterns in evolution of real electricity price developments and the three main components of the electricity price are calculated: liberalized market share for purchased electricity price, regulated infrastructure share for use of electricity network grids and mandatory state charges in the sale of electricity (duty, excise duty and value-added tax). To calculate the real value of electricity prices, producer price index of industrial commodities for electricity prices in industry is used as deflator and implicit deflator of gross domestic product for the size of the economy. In the empirical econometric part is used regression analysis for the amount electricity consumption in the industry depending on the real gross domestic product, direct and cross-price elasticity for natural gas prices in the industry. The results confirmed volatility in real electricity price developments with their increasing tendency and the increasing share of different taxes and state charges in the electricity prices for industry. Demand for electrical energy in industry is positively associated with gross domestic product and price of natural gas as substitute for electrical energy in industry use, and negatively associated with prices of electrical energy for industry.(original abstract)
Słowa kluczowe
Rocznik
Tom
7
Numer
Strony
4--10
Opis fizyczny
Twórcy
  • University of Primorska, Koper, Slovenia
autor
  • University of Primorska, Koper, Slovenia
Bibliografia
  • Papler D., Bojnec Š., The importance of management in the deregulated retail electricity distribution market in Slovenia [in Slovenia: Pomen managementa na dereguliranem maloprodajnem trgu elektriˇcne energije v Sloveniji], Management, 1, 2, 115- 129, 2006.
  • Papler D., Bojnec Š., Electricity supply management for enterprises in Slovenia, International Journal of Management and Enterprise Development, 4, 4, 403-414, 2007.
  • Papler D., Bojnec Š., Determinants of costs and prices for electricity supply in Slovenia, Eastern European Economics, 50, 1, 65-77, 2012.
  • Pollitt M., Evaluating the evidence on electricity reform: lessons for the South East Europe market, London: ESRC Electricity Policy Research Group and Judge Business School, University of Cambridge, 2007.
  • Bojnec S., Papler Ď., Segmentation of electricity market for households in Slovenia, Chinese Business Review, 9, 7, 1-10, 2010.
  • Ministry of Economy, Consumption of electrical energy in industry by size groups in 2007 and 2008, Ljubljana: Ministry of Economy - Directorate for Energy, 2009.
  • Tooraj J., Pollitt M., Benchmarking and regulation: an international electricity experience, Utilities Policy, 9, 3, 107-130, 2000.
  • Directive 2008/92/ES of European Parliament on Common Procedure of Community for Greater Transparency of Natural Gas and Electrical Energy [Direktiva 2008/92/ES Evropskega parlamenta o enotnem postopku Skupnosti za večjo preglednost cen plina in električne energije], (Ur. l. EU L 298).
  • Kachigan S.K., Multivariate statistical analysis: a conceptual introduction, New York: Radius Press, 1991.
  • Norušis M.J., SPSS 11.0 Guide to Data Analysis, Upper Saddle River (N.J.): Prentice Hall, 2002.
  • SORS, Data Portal SI-STAT, Environment and Natural Resources, Energy, Prices of Energy Products, Ljubljana: Statistical Office of the Republic of Slovenia 2016. http://pxweb.stat.si/pxweb/Database/Okolje/18 energetika/02 18175 cene energentov/02 18175 cene energentov.asp (15 April 2016).
  • Eurostat, Prices of electrical energy, Luxembourg: Eurostat, 2016. http://ec.europa.eu/eurostat/web/energy/data/database (28 May 2016).
  • Directive of Council (EGS) 90/377/EEC on transparency of prices for natural gas and electrical energy [Direktiva Sveta (EGS) 90/377/EEC o preglednosti cen plina in električne energije].
  • Ministry of Infrastructure, Portal Energy, Statistics, Electrical Energy - Quantities, Ljubljana: Ministry of Infrastructure - Directorate for Energy, 2016. http://www.energetika-portal.si/statistika/ (15 April 2016).
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171515782

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