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Natural monopolies in Electricity and Gas Sectors (the legal aspects)
Kadlecová, Eliška ; Handrlica, Jakub (advisor) ; Eichlerová, Kateřina (referee)
The purpose of this diploma thesis is to use relevant economic knowledge for the analysis of the key legal aspects of the natural monopoly, particularly the main theoretical aspects thereto. The interpretation is not limited to principle features, however, it covers also the related issues. The text is focused mainly on electricity and gas industries. Apart from applicable law and legal books, the relevant case law of the Constitutional Court and Supreme Administrative Court of Czech Republic has been also a significant source of knowledge hereto. The European Union legal regulations and expert opinions of the European Commission have been taken into account as well. The diploma thesis is divided into five chapters. The first chapter is focused on economic aspects of the applicable law. It provides thorough overview concerning the model and its introduction into reviewed fields. The principal information, historical background and view of the critics are introduced. This chapter also labels the entities under the Czech law that are considered to be the natural monopolies. Furthermore, three basic fields of legal institutes that are subject to subsequent review are outlined. The second chapter defines elementary terms relevant for further research. Specifically, it covers the distribution,...
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Systemic Risk in the European Financial and Energy Sector: Dynamic Factor Copula Approach
Nevrla, Matěj ; Baruník, Jozef (advisor) ; Buzková, Petra (referee)
In the thesis we perform analysis of systemic risk in the financial and energy sector in Europe. As the econometric tool for estimating dependencies across the subjects we employ factor copula model with GAS dynamics of Oh & Patton (2013b). We apply this model to daily CDS spreads. Based on the estimated results we perform Monte Carlo simulations in order to obtain future values of CDS spreads and measure probability of systemic events. We conclude that substantially higher systemic risk is present within the financial sector. We also find that the most systemic companies from both sectors come from Spain. JEL Classification C53, C55, C58, G17 Keywords Credit Default Swap, Energy Sector, Factor Copula, Financial Sector, Generalized Autore- gressive Score Model, Systemic Risk Author's e-mail matej.nevrla@gmail.com Supervisor's e-mail barunik@fsv.cuni.cz
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Legal Aspects of the Price Regulation in Electricity and Gas Sectors
Osadská, Jana ; Handrlica, Jakub (advisor) ; Svoboda, Petr (referee)
Legal Aspects of Price Regulation in Electricity and Gas Sector The aim of the thesis is to provide a legal analysis of contemporary price regulation in electricity and gas sector in the Czech Republic. Under the current legal framework of Third Energy Package and the national pricing and energy legislation, the price regulation is most commonly used for natural monopolies which are in in electricity and gas sector represented by the operators of the transmission and distribution systems. From the material aspects, the regulated prices shall cover the economically justified costs to ensure safe and efficient performance of licensed activities, as well as depreciation and reasonable profit to ensure return on investments. From a formal point of view, the administrative acts of price regulation are, in accordance with contemporary case law, considered as normative administrative acts. Nevertheless, the thesis is also considering the other forms of administrative action for the performance of price regulation and the possible review of administrative acts of price regulation.
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Energy policy of the European Union and the success of its performance between 2010 and 2015
Václavík, Miroslav ; Hladík, Miroslav (advisor) ; Ševčíková, Michaela (referee)
This bachelor thesis explores the history of energy policies since the Second World War and the success of its performance from years 2010 to 2015. The first part of this bechalor thesis explores the history and development of energy policy and the various communities during the previous six decades. The second part of this thesis contains an analysis of the economic situation in Europe and in main states in the field of energy resources, evaluation the reasons for planning Energy Union and analysis of success EU energy policies in the period 2010-2015 on the basis of three main energy documents: Europe 2020, Energy 2020 and Energy infrastructure priorities for 2020 and beyond: A Blueprint for an integrated European energy network. The main objective was to determine whether the objectives of these documents are still actually achievable from 2016 perspective. The thesis concludes that the majority of the three main energy documents fulfill the goals despite the EU energy policy, understood in a broader context than just these three documents, is definitely not in a perfect condition. The evidence is even the necessity to prepare a new Energy Union.
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Unconventional Oil Resources and Their Role in Canadian Economy
Březinová, Markéta ; Neumann, Pavel (advisor) ; Vošta, Milan (referee)
The aim of this master thesis is to explore the significance of the growing oil sands production for the economy of the province of Alberta as well as the whole of Canada. Parts of this thesis will outline current global energetic situation with the emphasis on oil production and explain the importance of seeking new alternative sources which includes the renewable energy as well as the unconventional oil and gas. With the waning amount of easily accessible light oil reserves it is likely that the unconventional oil resources where the production is both energetically and financially challenging will become more and more important.
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Monitorování a hodnocení vazeb mezi životním prostředím‚ ekonomikou a společností prostřednictvím indikátorů materiálových a energetických toků
Centrum pro otázky životního prostředí, Univerzita Karlova, Praha ; Moldan, Bedřich ; Hák, Tomáš ; Havránek, Miroslav ; Weinzettel, Jan ; Kovanda, Jan
Projekt je zaměřen na maximální využití potenciálu indikátorů materiálových a energetických toků pro monitorování vazeb mezi životním prostředím, ekonomikou a společností. Řeší některé metodické otázky, které se vztahují k sestavování a interpretaci indikátorů. Zpráva obsahuje následující kapitoly: Analýza materiálových a energetických toků jako nástroj pro měření socioekonomického metabolismu, Aktualizace časových řad indikátorů materiálových a energetických toků, Výpočet vstupních indikátorů materiálových a energetických toků pro ekonomické sektory, Strukturální dekompoziční analýza indikátorů materiálových a energetických toků, Kvalifikace fyzických zásob a predikce budoucích odpadních materiálových toků pro městskou úroveň, Analýzy časového vývoje indikátorů materiálových a energetických toků a Sledování mezinárodního vývoje a reportovacích povinností v oblasti indikátorů materiálových a energetických toků.
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The Course of the Privatization Process in the Energy Sector in the Czech Republic between the years 1990 and 2011
Večerníková, Markéta ; Zeman, Karel (advisor) ; Křítková, Soňa (referee)
The aim of this thesis is to analyze the course of the privatization process in the energy sector in the Czech Republic between the years 1990 and 2011. The analysis starts with a description of the energy sector before 1989 and continues with the privatization process and important changes concerning the property rights in the energy sector up to the present day. The changes regarding the property rights in the energy sector are the subject of interest and discussion not only among economic experts and politicians, but also among all citizens who purchase electricity. In the theoretical part of this thesis all necessary terms and definitions related to the subject of Czech transformation and the energy sector are explained. The process of the transformation of the Czech economy is analysed, with the emphasis put on the changes of property rights. In the empirical part of this thesis an analysis of important steps in the privatization process of the energy sector between the years 1989 and 2011 is carried out.
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Energy stability of the European union
Rothkögel, Václav ; Abrhám, Josef (advisor) ; Bič, Josef (referee)
This paper focuses on problems of energy sector in the European union. Primary goal is the analysis of the EU position from the perspective of the most significant indicators, consumption, reserves, production, trade, etc. and consequently defining the perspectives of energy policy developement, defining their targets and measures. The paper is divided into four main parts. The first part is dedicated to the teoretical and historical insight of the phenomenon of consumption growth, with a focus on the relationship of GDP and energy consumption. Second part is dedicated to analysis of energy consumption in the world and in the EU, in numbers and the energy-fuel balance developement. Third part evaluates EU position by various primary resources and evaluates the importance and narrow points of their use in the EU area Last, the fourth part defines priority areas of european energy policy and evaluates the importance of the measures used to achieve goals
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