Sustainable Governance, Energy Security, and Energy Losses of Europe in Turbulent Times

Tomasz Wołowiec, Svitlana Kolosok, Tetiana Vasylieva, Artem Artyukhov, Łukasz Skowron, Oleksandr Dluhopolskyi () and Larysa Sergiienko
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Tomasz Wołowiec: Faculty of Public Administration and Business, WSEI University, 20-209 Lublin, Poland
Svitlana Kolosok: Academic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, Ukraine
Tetiana Vasylieva: Academic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, Ukraine
Artem Artyukhov: Academic and Research Institute of Business, Economics and Management, Sumy State University, 40007 Sumy, Ukraine
Łukasz Skowron: Faculty of Management, Lublin University of Technology, 20-618 Lublin, Poland
Oleksandr Dluhopolskyi: Faculty of Public Administration and Business, WSEI University, 20-209 Lublin, Poland
Larysa Sergiienko: Faculty of National Security, Law and International Relations, Zhytomyr Polytechnic State University, 10005 Zhytomyr, Ukraine

Energies, 2022, vol. 15, issue 23, 1-15

Abstract: The article aims to identify the relationship between energy efficiency and particular indicators of energy losses in Europe. The results of the bibliographic analysis showed a knowledge gap in energy losses in Europe regarding the new challenges of energy security. For the analysis, annual panel data from 32 European countries were collected from 1990 to 2019. The authors used the Jarque–Bera test to assess the normality of the residuals, utilized the Breush–Pagan test for heteroskedasticity check, and applied regression analysis to determine the relationship between energy efficiency and energy loss rates in Europe. To assess the effects of energy losses, the authors performed OLS modeling using the stats model’s package in Python. According to the modeling results, an increase in distribution losses (% of available energy from all sources) by 1% in Europe leads to an increase in energy consumption by 17.16% under other constant conditions. There is significant heterogeneity between European countries concerning energy efficiency and energy loss coefficients. Such a situation requires the development of new strategies and mechanisms to reduce energy losses, considering the challenges of energy security in Europe in turbulent times. Further research can be devoted to clustering European countries according to the main groups of energy losses: in the extraction, distribution, storage, and transformation of energy.

Keywords: sustainable governance; energy security; energy losses; EU; energy efficiency (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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