IDEAS home Printed from https://ideas.repec.org/h/spr/eurchp/978-3-319-27573-4_15.html
   My bibliography  Save this book chapter

In Search of the New EU Energy Reforms: Assessing the Financial Performance of the EU Energy Companies

In: Entrepreneurship, Business and Economics - Vol. 2

Author

Listed:
  • Djula Borozan

    (J.J. Strossmayer University of Osijek)

  • Dubravka Pekanov Starcevic

    (J.J. Strossmayer University of Osijek)

Abstract

To unveil the challenges the European energy industry faces, this paper looks at the financial performance of energy companies that are different in terms of the energy generation mix in the period 2011–2013. Furthermore, the paper aims to draw general conclusions on how the share of conventional power plants in the companies’ generation mix has affected their operation as a whole. Finally, the paper discusses the trends in the energy industry, in particular regarding gas-fired power plants, as well the opportunities and threats facing them in the context of achieving the EU strategic energy goals. The results show that companies with a higher share of conventional thermal power plants in their energy mix operate with a significant decrease in profit, and generally face a decrease in their asset value. This is opposite to companies with large diversified portfolios and shares of hydropower and new renewables. Since conventional power plants, especially high-performing and flexible gas-fired cogeneration ones, may play a key role in producing the peak load and even the base load power, as well as in maintaining high quality in the electricity grid, this situation might jeopardize the achievement of the EU strategic energy goals. Hence, it calls for new energy reforms.

Suggested Citation

  • Djula Borozan & Dubravka Pekanov Starcevic, 2016. "In Search of the New EU Energy Reforms: Assessing the Financial Performance of the EU Energy Companies," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 2, edition 1, pages 231-246, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-27573-4_15
    DOI: 10.1007/978-3-319-27573-4_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maria Elisabete Neves & Carla Henriques & João Vilas, 2021. "Financial performance assessment of electricity companies: evidence from Portugal," Operational Research, Springer, vol. 21(4), pages 2809-2857, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eurchp:978-3-319-27573-4_15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.