Differentiation and Changes of Household Electricity Prices in EU Countries

The paper’s main purpose is to identify the differentiation and variation of electricity prices for households in EU countries. The specific objectives are to highlight the directions and differentiation of price changes in EU states, determine the degree of volatility (or stability) of electricity...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autores principales: Tomasz Rokicki, Piotr Bórawski, Barbara Gradziuk, Piotr Gradziuk, Aldona Mrówczyńska-Kamińska, Joanna Kozak, Danuta Jolanta Guzal-Dec, Kamil Wojtczuk
Formato: article
Lenguaje:EN
Publicado: MDPI AG 2021
Materias:
T
Acceso en línea:https://doaj.org/article/0421e50f9c2f4fe1af21b16507e41cde
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
Descripción
Sumario:The paper’s main purpose is to identify the differentiation and variation of electricity prices for households in EU countries. The specific objectives are to highlight the directions and differentiation of price changes in EU states, determine the degree of volatility (or stability) of electricity rates, and establish the correlation between electricity prices for household consumers and economic and energy parameters. All members of the European Union were chosen for this project as of 31 December 2019 (28 countries). The analyzed period covered the years 2008–2019. The source of collected information was the thematic literature review and the data from Eurostat. Descriptive, tabular and graphical methods, constant-based dynamics indicators, coefficient of variation, Kendall’s tau correlation coefficient, and Spearman’s rank correlation coefficient were used to analyze and present the materials. It was determined that higher electricity prices for households in the EU states were associated with better economic parameters. Developed countries must have higher energy rates because they will ensure energy transformation, i.e., implementing energy-saving technologies. In the EU, electricity prices for household consumers showed little volatility, but that variability increased in line with the surge of the volume of household energy consumption.