The impact of the war in Ukraine on energy prices: Consequences for firms’ financial performance

Ferriani, Fabrizio; Gazzani, Andrea

doi:10.1016/j.inteco.2023.04.006

Cited by 18 publications

(3 citation statements)

References 16 publications

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“…This increase is mainly related to the Ukraine war and the resulting energy crisis in Europe. 52 This rise leads to an increase of LC SNG by approx. 54% for the 4000 h_10 MW scenario, by approx.…”

Section: (See Supporting Information Section S1mentioning

confidence: 99%

Economic Analysis of Synthetic Natural Gas Production in Germany Considering Different Power-to-Methane Plants

Gerloff

2023

ACS Sustainable Chem. Eng.

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Power-to-Gas technology can play a crucial role in Germany's energy transition, as it can help decarbonize various sectors. Therefore, this study analyzes the levelized cost of synthetic natural gas production in Germany. For this, different electrolysis technologies, CO 2 sources, and scenarios are considered. This study's objectives are to find out which Power-to-Methane technology causes the lowest levelized cost, how the tremendous change of wholesale electricity prices in 2022 impacted it, and how it changes if an electricity price of 0 €/MW h is assumed. Furthermore, the results are compared with natural gas and biogas prices. Solid oxide electrolyzer cell and biomass as the CO 2 source causes the lowest levelized cost. Compared to 2021, the levelized costs have changed significantly in 2022. For example, the values increased by about 54−78% (10 MW) and 65−87% (100 MW). Provided that an electricity price of 0 €/MW h is assumed, the levelized costs decrease by 20−92% (10 MW) and 25−95% (100 MW). Compared to natural gas and biogas prices, only the scenarios with biomass as the CO 2 source for 2030 and 2050 are in the range of these values if electricity prices are fully considered. If an electricity price of 0 €/MW h is assumed, all values, apart from a few exceptions, are in the range of the comparative values or below.

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Section: (See Supporting Information Section S1mentioning

confidence: 99%

Economic Analysis of Synthetic Natural Gas Production in Germany Considering Different Power-to-Methane Plants

Gerloff

2023

ACS Sustainable Chem. Eng.

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“…Moreover, following the Russian invasion of Ukraine in February 2022, the energy market has plunged into a severe crisis. In this context, the energy transition becomes and will remain one of the defining factors for the decades to come, and renewable energy has become a key driver in the global transition towards a sustainable and low-carbon future [3][4][5]. Several strategies and policies at the international and national level have been developed during the last several years, among which is worth mentioning the 2030 Agenda for Sustainable Development with its related 17 Sustainable Development Goals [6] and its implementation policies within the European Union (EU) [7].…”

Section: Introductionmentioning

confidence: 99%

The Renewable Energy Communities in Italy and the Role of Public Administrations: The Experience of the Municipality of Assisi between Challenges and Opportunities

Moretti

Stamponi

2023

Sustainability

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The pressing necessity to address climate change calls for the reduction in carbon emissions in the energy sector. Renewable energy communities (RECs) provide environmental, financial, and societal advantages that facilitate the shift towards sustainable energy sources. This paper examines the development of RECs in Italy through a case study in the Municipality of Assisi, and investigates the pivotal role played by public administrations as catalysts in the formation of RECs. Despite facing unique challenges and constraints, Assisi leverages RECs and the proactive approach of the local government to overcome barriers hindering the implementation of renewable energy projects. A municipality-led REC of a total power of 2 MWp by 2030, using clusters of prosumers and consumers and including energy-intensive municipal facilities, is investigated. Through rigorous simulations and the resulting shared energy, the study conducts a comprehensive analysis encompassing technical, energy, and economic aspects. The results, including relevant energy indices, are presented and various scenarios are discussed as the energy shared varies. Finally, sensitivity analyses show that the profitability strongly depends on the cost of energy, the remuneration from the sale, and the value of the incentive earned on the shared energy: the simple payback time ranges from 8 to 14 years and NPV varies from EUR 0.8 to 4.5 M.

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“…This situation increased poverty, because of the bankruptcy or weakening of businesses in areas related to face-to-face attendance, production based on an international supply chain, and the lack of flexibility in the model itself (Inoue et al, 2023;Rämgård et al, 2023). In addition, the world situation continues to be complex due to political tensions in different countries (such as the conflict between Russia and Ukraine) (Asri et al, 2022;Ferriani & Gazziani, 2023;Liu et al, 2023), the increase in internal violence, and the weakening of democracy (e.g., the recent protests in France, the loss of life in the demonstrations against the regime in Peru, and the assassination of a presidential candidate in Ecuador) (Camhaji, 2023;Euronews, 2023;Suarez, 2023). These factors have led to an increase in mistrust in public institutions and the private sector (The Economist, 2023).…”

Section: Introductionmentioning

confidence: 99%

The purpose of the company beyond its position in the market: The new agent of social development

Rodrich‐Portugal,

Marino‐Jiménez,

Mayurí‐Aguilar

et al. 2023

Bus Strat Dev

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The purpose of companies as profit generators has been questioned because of the relationship between strategy and results in the recent systemic crises. Therefore, it is necessary to implement strategies that allow economic sustainability, based on a better relationship with society and the environment. This means turning companies into agents for the development and protection of the community, as well as building trust for their own stakeholders. This article analyzes the bases for the consolidation of a purpose related to these principles, using system thinking for the integrated participation of Corporate Social Responsibility (CSR) and the Sustainable Development Goals (SDGs). This strategy allows replicability based on archetypes that explain dynamic relationships in organizations, with the flexibility and openness required to adapt to different contexts.

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The impact of the war in Ukraine on energy prices: Consequences for firms’ financial performance

Cited by 18 publications

References 16 publications

Economic Analysis of Synthetic Natural Gas Production in Germany Considering Different Power-to-Methane Plants

Economic Analysis of Synthetic Natural Gas Production in Germany Considering Different Power-to-Methane Plants

The Renewable Energy Communities in Italy and the Role of Public Administrations: The Experience of the Municipality of Assisi between Challenges and Opportunities

The purpose of the company beyond its position in the market: The new agent of social development

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