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Energy expenditure of Spanish industrial and services firms

Author

Listed:
  • María de los Llanos Matea
  • Alejandro Muñoz-Julve

Abstract

The article examines industrial and services firms’ direct energy costs as a proportion of their turnover in 2019, differentiating by fuel type (electricity, natural gas and other fuels) and by firm size and economic sector. The analysis shows that the proportional expenditure on different energy inputs is highly heterogeneous across productive sub-sectors. For energy-intensive sub-sectors, there are also differences in the composition of energy expenditure by firm size. In general, the larger the firm, the lower the proportion of turnover spent on electricity and other fuels, but the higher the proportion spent on natural gas.

Suggested Citation

  • María de los Llanos Matea & Alejandro Muñoz-Julve, 2022. "Energy expenditure of Spanish industrial and services firms," Economic Bulletin, Banco de España, issue 4/2022.
    • Handle: RePEc:bde:journl:y:2022:i:04:d:aa:n:32
    Note: Analytical Articles
    as

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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/InformesBoletinesRevistas/ArticulosAnaliticos/22/T4/Files/be2204-art32e.pdf
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    More about this item

    Keywords

    natural gas prices; electricity prices; fuel prices; economic sector and firm size.;
    All these keywords.

    JEL classification:

    • L00 - Industrial Organization - - General - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other

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