The Evolution of Natural Gas Prices in EU Countries and their Impact on the Country’s Macroeconomic Indicators

Abstract

In the article, the authors characterize the current European market with natural gas, describing differences in prices for households and prices for companies from the point of view of individual components, where they focus more on taxes, levies and fees. The article further deals with the possible impact of the price of natural gas on the country’s economy, more specifically, the correlation with inflation, unemployment and interest rates. The main aim of the authors is to establish an appropriate econometric model, which describes the impact of the price of natural gas together with the unemployment rate and interest rates on the inflation of the country. The price of natural gas, of this strategic raw material, is one of the factors that can influence the processes for low-carbon technologies or more precisely, the process of EU decarbonisation and with it the associated amount of CO2 emissions.

Modeling and Optimizing the Performance of an Industrial Trigeneration Unit

“…This explains the significant saving of almost EUR 65,000, which is achievable by air cooler commissioning and operation in summer, as it enables smooth full-load operation of internal combustion engines even in the pure electricity production mode by disposing of all waste heat. Obviously, with significant power and natural gas price changes [16], the situation may become different, i.e., the true trigeneration mode operation may be preferred to pure power production.…”