Commodity exposure in the eurozone: How EU energy security is conditioned by the Euro

Rubén Lado-Sestayo, Fernando De Llano-Paz, Milagros Vivel-Búa and Andrea Martínez-Salgueiro

Energy, 2023, vol. 277, issue C

Abstract: The European Union is immersed in a process of energy transition focused on reducing the weight of fossil fuels. The current context is also characterized by the increasing attention paid to energy security, conditioned by the volatility of the prices for energy raw materials, among other factors. This work analyzes the raw material price exposure of electricity producers in the Eurozone. The results indicate that the listing of raw materials in U.S. dollars is the primary cause of business exposure, with an impact greater than the price of the raw material itself. A geographic analysis also indicates that there are important differences in the level of exposure among companies in different countries, which can make it difficult to reach a consensus in the European Union.

Keywords: Risk; Exposure; Commodity; Europe (search for similar items in EconPapers)
JEL-codes: D81 G19 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:277:y:2023:i:c:s0360544223009222

DOI: 10.1016/j.energy.2023.127528

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