ECONOMIC SUSTAINABILITY OF ENERGY SYSTEMS AND PRICES IN THE EU

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