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Energy Security in the Context of Global Energy Crisis: Economic and Financial Conditions

Author

Listed:
  • Tomasz Smal

    (The Faculty of Finance and Management, WSB University in Wroclaw, Fabryczna 29-31, 53-609 Wroclaw, Poland)

  • Joanna Wieprow

    (The Faculty of Finance and Management, WSB University in Wroclaw, Fabryczna 29-31, 53-609 Wroclaw, Poland)

Abstract

We have been observing large fluctuations and price increases in electricity markets in recent years. The COVID-19 pandemic, rising energy costs, political instability and increasing demand for electricity have been the factors intensifying the problems. This causes uncertainty related to maintaining energy security. Energy security is an element of the national security system. In this context, the question arises whether Polish energy companies are able to adapt to the growing demand for electricity while meeting the growing environmental requirements. Moreover, it remains to be seen how the current energy crisis will affect the financial condition of energy companies in Poland and whether companies from the energy sector will benefit from this crisis. Another issue is the impact of the current crisis on the sense of energy security of consumers. There are many factors affecting energy security. This study focuses on economic and financial factors. The article aims to assess the energy security of consumers from the perspective of the stability of energy prices and the financial condition of companies from the energy industry in Poland in the context of the global energy crisis.

Suggested Citation

  • Tomasz Smal & Joanna Wieprow, 2023. "Energy Security in the Context of Global Energy Crisis: Economic and Financial Conditions," Energies, MDPI, vol. 16(4), pages 1-12, February.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:4:p:1605-:d:1058790
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    References listed on IDEAS

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    1. Artur Kierzkowski & Szymon Haładyn, 2022. "Method for Reconfiguring Train Schedules Taking into Account the Global Reduction of Railway Energy Consumption," Energies, MDPI, vol. 15(5), pages 1-18, March.
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    Cited by:

    1. Beata Piotrowska & Daniel Słyś, 2023. "Analysis of the Life Cycle Cost of a Heat Recovery System from Greywater Using a Vertical “Tube-in-Tube” Heat Exchanger: Case Study of Poland," Resources, MDPI, vol. 12(9), pages 1-17, August.
    2. Radu Ioan Petrariu & Marian Nastase & Gabriel Croitoru & Nicoleta Valentina Florea & Nicoleta Cristache & Mihaela Cristina Onica Ibinceanu, 2023. "Analysis of Responsible Energy Consumer s Behaviour in the Context of REPowerEU Plan," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 743-743, August.
    3. Karolina Czerwińska & Andrzej Pacana, 2024. "Analysis of Energy Security Based on Level of Alignment with the Goals of Agenda 2030," Energies, MDPI, vol. 17(12), pages 1-30, June.
    4. Janusz Adamczyk & Robert Dylewski & Marcin Relich, 2024. "Multi-Indicator Assessment of a Thermal Insulation Investment, Taking into Account the Pre-Set Temperature," Sustainability, MDPI, vol. 16(9), pages 1-16, April.
    5. Tomasz Neumann, 2023. "Efficient Use of Low-Emission Power Supply for Means of Transport," Energies, MDPI, vol. 16(8), pages 1-14, April.
    6. Raluca Florentina CRETU & Florin DOBRE & Radu Florin CHIOTA & Carina Ilinca GOMBOS, 2023. "The Influence Of The Budget On National Security In The Context Of Economic Crisis," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(1), pages 175-183, November.

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