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Technical University of Crete
Technical University of Crete
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| URI: | http://purl.tuc.gr/dl/dias/B257C4EF-EA3C-4EC0-BDB2-A1F398F52FF8 | ||
| Year | 2024 | ||
| Type of Item | Master Thesis | ||
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| Bibliographic Citation | Argyro-Noula Tsontou, "The impact of the energy dependence of European countries on the financial performance of electricity production and distribution companies ", Master Thesis, School of Production Engineering and Management, Technical University of Crete, Chania, Greece, 2024 https://doi.org/10.26233/heallink.tuc.101611 | ||
| Appears in Collections |
The Russian-Ukraine conflict has implications on the supply of the continuously increasing demand for fossil fuels in Europe which has resulted to an unprecedented increase in energy prices. Europe’s heavy reliance on crude oil and gas imports from Russia explains the prevailing energy price shock, adding pressure on the financial performance of European energy companies. The dependence on Russian energy exhibits a large heterogeneity across member states as the European Union’s energy mix comprises a diverse portfolio of fossil fuels, nuclear power, and renewables. Most European companies rely on fossil fuels, but a transition is occurring towards renewable energy which is indirectly pushed by European energy policies that are in accordance with the Paris Agreement of reducing greenhouse gas emission by at least 40% by 2030. Hence European energy companies are prompt to improve their Environmental, Social and Governance (ESG) performance as there are national support mechanisms that promote energy efficiency actions. In this context, the objective of this thesis is to evaluate the financial performance of electricity production companies in the European Union in connection with the energy dependence of European Union’s countries.
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