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The development of energetics in the Czech Republic during the following years
Musil, Miloš ; Kracík, Petr (referee) ; Toman, Filip (advisor)
This thesis analyses the current Czech energy sector. It describes its current state and outlines possible scenarios of its development in future years in the context of the energy transformation. The thesis seeks to analyse the current situation of the energy sector in the country, assess its strengths and weaknesses and identify opportunities and threats for future development. The thesis describes the different parts of the Czech energy sector, such as the electricity, gas, heating and oil industries, including production sources, consumption and emissions. Most emphasis is given to the electricity sector. The capacities and potentials of the different sectors are analysed alongside the possible future scenarios outlined. Part of the thesis is also focused on describing and explaining the composition and construction of electricity and gas prices in the Czech Republic. Emphasis is also placed on placing the Czech energy sector in the broader context of the energy sectors of European countries and includes various scenarios for the development of the electricity sector in Europe. In the context of the current geopolitical situation in Europe and the modernisation and transformation of this sector, it is necessary to build new energy sources.
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The development of energetics in the Czech Republic during the following years
Musil, Miloš ; Kracík, Petr (referee) ; Toman, Filip (advisor)
This thesis analyses the current Czech energy sector. It describes its current state and outlines possible scenarios of its development in future years in the context of the energy transformation. The thesis seeks to analyse the current situation of the energy sector in the country, assess its strengths and weaknesses and identify opportunities and threats for future development. The thesis describes the different parts of the Czech energy sector, such as the electricity, gas, heating and oil industries, including production sources, consumption and emissions. Most emphasis is given to the electricity sector. The capacities and potentials of the different sectors are analysed alongside the possible future scenarios outlined. Part of the thesis is also focused on describing and explaining the composition and construction of electricity and gas prices in the Czech Republic. Emphasis is also placed on placing the Czech energy sector in the broader context of the energy sectors of European countries and includes various scenarios for the development of the electricity sector in Europe. In the context of the current geopolitical situation in Europe and the modernisation and transformation of this sector, it is necessary to build new energy sources.
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Czech Republicfacing changes of the European Union energy market
Rokuskova, Klara ; Kučerová, Irah (advisor) ; Mazač, Jan (referee)
This study looks at the evolution of the management of the biofuel energy in the transport sector in the European Union. This sector represents a big challenge for environmentally friendly and sustainable production and consumption of energy. In the past ten years biofuels have emerged as a burgeoning solution but have also received criticism from some quarters. The study analysis the European Commission's functions in the management of the biofuel market in Czech Republic through a single case study. The research is based on the Principal-Agent theory elaborated by the broader theory of rational-choice institutionalism. It argues that Czech Republic biofuel market may be driven by the European Commission if functions that enhance credible commitment, higher efficiency and information were delegated to it by the member states. Through the congruence method the study compares the expectations of the Principal- Agent theory with the real case situation. Under the European legislation, between the Directive 2009/28/EC and the Directive (EU) 2018/2001, the study finds that the European Commission has some significant function in the management of the sustainability of biofuels in the Czech Republic but has very limited power to directly influence the evolution of Czech biofuel production. The European...
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Comparation of the National Energy Concept and European Energy Strategy until 2020, 2030 and 2050
Turková, Nikol ; Zeman, Martin (advisor) ; Maule, Petr (referee)
The thesis deal with comparison of the National Energy Concept of the Czech Republic and the European Energy Strategy until 2020, 2030 and 2050. It points out the main goals and strategies of these documents, compares them and analyzes, whether they contain new energy targets or not. The first hypothesis (1) concerns, if the European Union´s energy objectives and strategies are different compare with the objectives and strategies of the Czech Republic´s. The second hypothesis (2) asks, if the official concepts adequately reflect new trends in the energy market. The contribution of this thesis lies in emphasis on different goals of individual energy strategies and in proposing a solution, which could help the Czech Republic get closer to the European Union´s goals. The theoretical part of the thesis introduces the energy market, characterizes energy market and defines the Czech Republic´s energy resources, subjects of the energy market of the Czech Republic, legislation affecting the Czech Republic´s energy market and energy security and independence. In the practical part, the author compares energy concepts and points out the same and different goals of these strategies. The author also focuses on new energy trends and proves that energy concepts do not reflect these new trends adequately. This disproves the hypothesis (2). The author adverts to the goals that the Czech Republic fulfills in the strategy of the European Union´s program but also points out the different goals that the Czech Republic does not fulfill. This disproves the hypothesis (1).
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Specifics of trading electricity in the EU
Švecová, Stanislava ; Müller, Štěpán (advisor) ; Machala, Martin (referee)
Electrical energy is a specific commodity. Energy market is specific as well. The thesis deals with these specifics. It describes the structure of the market, its participants and the process of the European energy market liberalization and integration. Furthermore, it deals with execution and settlement of trades, and risk management. In the end a case study devoted to the scandal of US energy giant Enron is presented.
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Analysis of contagion between energy and CEE financial markets
Kosar, Mariia ; Horváth, Roman (advisor) ; Geršl, Adam (referee)
This work analyzes the contagion effects between energy and CEE financial markets during the two crisis periods (global financial crisis 2008-2009 and energy market crisis 2014), using a sample of daily data from 2004 till 2015. We detect contagion by observing the degree and structure of two dummy variables for specified crisis periods included into the quantile regression models on the basis of a dependence measure called "coexceedances". Our results show that there are significant contagion effects present between the gasoil and CEE stock markets during the 2008-2009 period and mixed evidence of contagion between crude oil market and CEE stock markets. CEE stock markets do not appear to exhibit significant contagion effects with energy markets during the recent energy market crisis. These results substantially differ from those found in the developed European markets. In particular, our results indicate that energy markets and stock markets in developed Europe seem to display significant contagion effects during the 2014-2015 period. Keywords: Central and Eastern Europe, contagion, energy market, quantile regression
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Economic impact of shale gas development in the context of energy security of the EU
Kondratenko, Ivan ; Janda, Karel (advisor) ; Mikolášek, Jakub (referee)
The Thesis aims to analyze the possible shale gas development in the EU in context with raising problem of energy security. Based on the experience of shale revolution in the USA and econometric modelling using the method of Ordinary Least Squares with Fixed Effects to test the dependence of price on shale gas production, the transfer of US model to the EU is discussed. The results show that shale production affects the price negatively and that US model is successful due to multiple reasons, primarily presence of experienced companies, geological structure and strong regulation rules. The Thesis shows the unsuitability of the US model for the EU market. After the first enthusiasm for shale plays research in late 2000s the multiple barriers for drilling have risen up; the most significant are the environmental worries; both on governmental and public levels. US companies have lost interest in the EU and moved to other parts of the world. The shale gas development is not able to affect the energy security of the EU on European, international level.
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A Comparison of Two Models of the Energy Market Development in Czech Republic from 2015 to 2040
Dvořáková, Jitka ; Zeman, Martin (advisor) ; Lukášová, Tereza (referee)
The bachelor thesis is focused on the prediction of the energy market in the Czech Republic between 2015 and 2040 and on the comparison of potential costs related to two models of energy portfolio management. The first model was created according to the National Energy Concept from 2014, while the other one was designed artificially to simulate usage of the renewable resources in 50% of the electric energy production. The theoretical part of the thesis discusses the recent situation of the Czech energy market, defines types of energy resources and explains terms related to the discussed topic. In the practical part, direct production costs of different kinds of power plants were computed and used to estimate economic demands of the two considered models. The efficiency of both models was compared and evaluated. The aim of the thesis was to decide, which of the two models would be more favourable for the Czech national economy. Key words: energy, energy market, direct costs, economic advantage JEL classification: Q40, Q41, Q43, Q47
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The Financial analysis as one of the factor in choosing a supplier of electricity.
Ondráčková, Pavla ; Machek, Ondřej (advisor) ; Slunčík, Peter (referee)
This bachelor thesis on the topic of "The Financial analysis as one of the factor in choosing a supplier of electricity" aims to point out another interesting factor in choosing a supplier of electricity, while using methods of financial ratios. The study evaluate ratios of the five cheapest suppliers of electricity and based on the analysis of the company, will/ will not recommend it as a suitable supplier. The thesis is divided into three main parts. The first part focuses on the energy market in the Czech Republic and introduces the general requirements of the financial analysis. The second part, called methodological apparatus, used to define the calculation of individual indicators of the financial analysis used in the practical part of this work. The last practical part of this bachelor thesis take readers through the process of choosing their electricity supplier and expresses to the five cheapest electricity providers based on the results of the financial analysis.
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Business Environment in Colombia and Operation of Applied Meters, a.s. on a Given Market
Výrostková, Lucia ; Němečková, Iveta (advisor) ; Hinčica, Vít (referee)
Master's thesis on the Business environment in Colombia and operation of Applied Meters, as on a given market deals with the analysis of the business environment and its impact on the selected company and prospects of its operations in Colombia in the future. The emphasis is on linking theoretical knowledge about the territory Colombia, obtained under the PEST analysis with their practical application to the action of the market through a SWOT analysis. Introductory section describes the different components of the business environment in terms of political, economic, socio-cultural and technological. The main part of the thesis is the introduction of company Applied Meters, a.s., revealing the motives for entering the market in Colombia and the implications of the impact of individual components of the business environment in Colombia on its business in a given area. Deduction highlights the prospects of the selected company on the Colombian market in the future.
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