THE PRICE DEVELOPMENT OF SELECTED ENERGETIC COMMODITIES

Author:

MATASOVÁ TEREZA,ROUSEK PAVEL,BESTA MARTIN

Abstract

The aim of the paper was to evaluate the price development of electrical energy and inflation as a commodity in the course of the past 10 years. The production of electrical energy decreased from 83.7 TWh in 2010 to 70.6 TWh in 2020 in the Czech Republic in accordance with the results achieved by using the methods of descriptive statistics, time series, correlation analysis and regression analysis. The consumption of energy slightly increased. The proportion of production to consumption declined and consumption was higher than production in 2020. The prices of electricity reveal oscillations influenced by the conflict in the Ukraine. The use of the sources of energy changed, however, without specific trends. The dependence of prices on inflation is considerable and direct. Energy policy ought to deal with the dependence on import and support the domestic production of energy.

Publisher

MAGNANIMITAS

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