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Economic sustainability of energy systems and prices in the EU

Author

Listed:
  • Wadim Strielkowski

    (University of Cambridge, United Kingdom)

  • Wadim Strielkowski

    (Prague College, Czech Republic)

  • Wadim Strielkowski

    (National Research University "Moscow Power Engineering Institute", Russian Federation)

  • Wadim Strielkowski

    (North-Caucasus Federal University, Russian Federation)

  • Evgeny Lisin

    (Prague College, Czech Republic)

  • Evgeny Lisin

    (National Research University "Moscow Power Engineering Institute", Russian Federation)

  • Elena Astachova

    (North-Caucasus Federal University, Russian Federation)

Abstract

Economic sustainability of energy system and energy prices in the European Union (EU) constitutes an important issue that includes many multidimensional perspectives and calls for non-trivial solutions. Our paper tackles these issues in a critical manner attempting to analyse the interdependence between the economic growth and the energy prices. We employ an empirical analysis of energy prices and economic growth in the European Union (EU-28 Member States) and make conclusions based on the results of this analysis. Our conclusions can be used by the relevant stakeholders and policy-makers who are responsible for the regulation of energy systems or setting up the energy tariffs and the prices of energy.

Suggested Citation

  • Wadim Strielkowski & Wadim Strielkowski & Wadim Strielkowski & Wadim Strielkowski & Evgeny Lisin & Evgeny Lisin & Elena Astachova, 2017. "Economic sustainability of energy systems and prices in the EU," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 591-600, June.
    • Handle: RePEc:ssi:jouesi:v:4:y:2017:i:4:p:591-600
    DOI: 10.9770/jesi.2017.4.4(14)
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    Citations

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    Cited by:

    1. Evgeny A. Kuzmin & Elena E. Volkova & Alena V. Fomina, 2019. "Research on the Concentration of Companies in the Electric Power Market of Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 130-136.
    2. José Niño-Amézquita & Fedor Legotin & Oleg Barbakov, 2017. "Economic success and sustainability in pharmaceutical sector: a case of Indian SMEs," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(1), pages 157-168, September.
    3. Andrey Rogalev & Ivan Komarov & Vladimir Kindra & Olga Zlyvko, 2018. "Entrepreneurial assessment of sustainable development technologies for power energy sector," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 429-445, September.
    4. Georgi N. Todorov & Elena E. Volkova & Andrey I. Vlasov & Natalya I. Nikitina, 2019. "Modeling Energy-Efficient Consumption at Industrial Enterprises," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 10-18.
    5. Andrey Rogalev & Ivan Komarov & Vladimir Kindra & Olga Zlyvko, 2018. "Entrepreneurial assessment of sustainable development technologies for power energy sector," Post-Print hal-02168626, HAL.
    6. Lucas Roth & Jens Lowitzsch & Özgür Yildiz, 2021. "An Empirical Study of How Household Energy Consumption Is Affected by Co-Owning Different Technological Means to Produce Renewable Energy and the Production Purpose," Energies, MDPI, vol. 14(13), pages 1-38, July.
    7. José Niño-Amézquita & Fedor Legotin & Oleg Barbakov, 2017. "Economic success and sustainability in pharmaceutical sector: a case of Indian SMEs," Post-Print hal-01735846, HAL.
    8. Darya Pyatkina & Tamara Shcherbina & Vadim Samusenkov & Irina Razinkina & Mariusz Sroka, 2021. "Modeling and Management of Power Supply Enterprises’ Cash Flows," Energies, MDPI, vol. 14(4), pages 1-17, February.
    9. Yelena Petrenko & Igor Denisov & Gaukhar Koshebayeva & Valeriy Biryukov, 2020. "Energy Efficiency of Kazakhstan Enterprises: Unexpected Findings," Energies, MDPI, vol. 13(5), pages 1-20, February.

    More about this item

    Keywords

    economic development; energy systems; sustainability; energy pricing; security; European Union (EU);
    All these keywords.

    JEL classification:

    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment

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