 Trends of the Energy Market Reflection on the Capital Market in RomaniaSilvia Ghiță-Mitrescu ()
Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 1023-1030 Abstract: The study focuses on the implications of the changes occurring on the energy market, specifically on the electricity market, over the performances of the stocks of companies from the energy and utilities sector listed at the Bucharest Stock Exchange. The objective of the paper is to determine if there is a short-term correlation between electricity consumption and price, and the Bucharest Exchange Trading Energy and Related Utilities Index (BET-NG). After performing a quantitative analysis of the competitive segment of the electricity retail market in Romania, and of the evolution of BET-NG, we used the Pearson’s correlation test to find if electricity consumption and price influence the trend of BET-NG. Our findings suggest that there is a statistical correlation between the consumption on electricity and BET-NG. Electricity price also influences the index, but only in the case of nonhousehold clients, while the price paid by households in not correlated to BET-NG. Keywords: electricity market; capital market; BET-NG; electricity price; Bucharest Stock Exchange (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:1023-1030 Access Statistics for this article Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC. |
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