From Signals to Outcomes: Evidence from Slovakia

David Kurjak

No 2025-106, MENDELU Working Papers in Business and Economics from Mendel University in Brno, Faculty of Business and Economics

Abstract: This paper analyzes the effects of selected policy decisions and energy supply disruptions on electricity prices from 2015 to 2025. Announcements elicited modest, transitory movements. Realized disruptions such as armed conflict or interruptions to gas pipeline flows generated sharp and persistent price increases. Results indicate that electricity prices are highly sensitive to gas and carbon markets. These findings provide new evidence on the drivers of electricity pricing in integrated European markets.

Keywords: electricity prices; event study; energy policy; carbon costs; natural gas prices; market integration (search for similar items in EconPapers)
JEL-codes: C32 G14 Q41 Q48 (search for similar items in EconPapers)
Pages: 21
Date: 2025-11
New Economics Papers: this item is included in nep-ene, nep-inv, nep-reg and nep-tra
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