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ANALYSIS OF THE ENERGY MARKET OPERATOR ACTIVITY IN EIGHT EUROPEAN COUNTRIES Print E-mail

France Krizanic , Zan Jan Oplotnik

Abstract

The article aims to analyze the connection between economic development, energy consumption, and prices of electricity and gas on one side and of the operation of the Energy Market Operator on the other. For this purpose we use a sample of eight EU countries with well-functioning energy markets but quite diverse characteristics. The results show that Market Operators in more developed countries in the sample have above average activity (according to revenue), and their primary goal is to achieve external economies. A higher level of Market Operator activity (greater revenue) is influenced by the decrease of transaction costs in energy markets and improves the prospect for greater use of energy. An active Market Operator is characteristically associated with international openness in the energy market as well as with the development of gas use in the given country. We find that a better equipped (greater assets used by the Market Operator) and more active (according to revenues) Market Operator is related with relatively higher levels of electricity and natural gas prices.

Key words: energy, supply and demand, financial analysis, macroeconomics, international benchmark, comparison

 France Krizanic, Ph.D., Senior researcher at EIPF d.o.o. – Economic institute – Slovenia, Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Zan Jan Oplotnik, Ph.D., professor Faculty of Economics and Business, University of Maribor – Slovenia, Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Cite this article:
Krizanic France, Oplotnik Zan Jan. ANALYSIS OF THE ENERGY MARKET OPERATOR ACTIVITY IN EIGHT EUROPEAN COUNTRIES. Innovative Issues and Approaches in Social Sciences, vol.8, no.1:95-110, DOI:http://dx.doi.org/10.12959/issn.1855-0541.IIASS-2015-no1-art06

Digital Object Identifier(DOI): http://dx.doi.org/10.12959/issn.1855-0541.IIASS-2015-no1-art06

View full text in pdf: http://www.iiass.com/pdf/IIASS-2015-no1-art06.pdf

 

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