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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 Perspectives and Risks of Electricity Supply in the Czech Republic by 2030
Vinklerová, Tereza ; Průša, Jan (advisor) ; Kracík, Jiří (referee)
The thesis will focus on outlooks of the Czech energy system, especially with respect to supply-demand balance and generation adequacy. The current situation in the electricity market will be used as a starting point for projections of future scenarios. The scenarios will look at possible issues and challenges as well as further developments that the Czech energy system will be facing in the near future. These problems and challenges can be defined as the mid-term and long-term ability to balance supply and demand for electricity in the Czech Republic. The increase in production of electricity from renewable resources and the subsequent loss of flexibility of power sources go hand in hand with adverse economic conditions, together worsening the overall risk in the electricity system. At the same time we must take into account changes in EU energy policy and its effect on member countries, such as the planned shutdown of nuclear power plants in Germany, increased taxation of carbon dioxide production, supported production of electricity from renewable resources, and integration of energy markets. We must consider the harmonization of methods that are used to evaluate the adequacy and security of a production portfolio, known as a generation adequacy, while meeting the requirements of the given system and...
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The Rise of China in the Global Energy Governance: An analysis of China's International Energy Policy
Merlo, Piero ; Karásek, Tomáš (advisor) ; Kučerová, Irah (referee)
As the world's largest energy consumer and producer, China is the leading player of the international energy arena. Among other important achievements, China has become the world's largest wind power market as well as largest producer of hydroelectricity and solar photovoltaic (PV) capacity. In recent years China has been at the centre of almost every work stream within the International Energy Agency (IEA), and many other international energy organizations. This thesis aims to understand what role China can and will play in global energy governance by examining how its domestic energy context shapes the country's attitudes toward the multilateral, market and climate change aspects of global energy governance. China's recent re-emergence has resulted in a significant increase in the global demand of commodities and is already having major impacts on the dynamics of global commodity markets. In the case of the global uranium market, we are at the very beginning of a new era in the global energy system. However, we can already observe interesting trends. My research question will be," How China's search for supplies changes and influences its role in the global energy governance? "
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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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The Rise of China in the Global Energy Governance: An analysis of China's International Energy Policy
Merlo, Piero ; Karásek, Tomáš (advisor) ; Kučerová, Irah (referee)
As the world's largest energy consumer and producer, China is the leading player of the international energy arena. Among other important achievements, China has become the world's largest wind power market as well as largest producer of hydroelectricity and solar photovoltaic (PV) capacity. In recent years China has been at the centre of almost every work stream within the International Energy Agency (IEA), and many other international energy organizations. This thesis aims to understand what role China can and will play in global energy governance by examining how its domestic energy context shapes the country's attitudes toward the multilateral, market and climate change aspects of global energy governance. China's recent re-emergence has resulted in a significant increase in the global demand of commodities and is already having major impacts on the dynamics of global commodity markets. In the case of the global uranium market, we are at the very beginning of a new era in the global energy system. However, we can already observe interesting trends. My research question will be," How China's search for supplies changes and influences its role in the global energy governance? "
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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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The Perspectives and Risks of Electricity Supply in the Czech Republic by 2030
Vinklerová, Tereza ; Průša, Jan (advisor) ; Kracík, Jiří (referee)
The thesis will focus on outlooks of the Czech energy system, especially with respect to supply-demand balance and generation adequacy. The current situation in the electricity market will be used as a starting point for projections of future scenarios. The scenarios will look at possible issues and challenges as well as further developments that the Czech energy system will be facing in the near future. These problems and challenges can be defined as the mid-term and long-term ability to balance supply and demand for electricity in the Czech Republic. The increase in production of electricity from renewable resources and the subsequent loss of flexibility of power sources go hand in hand with adverse economic conditions, together worsening the overall risk in the electricity system. At the same time we must take into account changes in EU energy policy and its effect on member countries, such as the planned shutdown of nuclear power plants in Germany, increased taxation of carbon dioxide production, supported production of electricity from renewable resources, and integration of energy markets. We must consider the harmonization of methods that are used to evaluate the adequacy and security of a production portfolio, known as a generation adequacy, while meeting the requirements of the given system and...
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