Annals of the University of Oradea: Economic Science (Jul 2017)
ANALYSIS OF ROMANIA’S ENERGY MANAGEMENT FROM 2000 UNTIL TODAY
Abstract
The aim of energy management is to provide good quality and proper quantity energy in an economic and continuous way for the energy consumers in different parts of the country with minimal energy costs. We did our calculations because many changes happened during the last 15 years in the energy management of Romania. Year by year the percent of the import energy is increasing. Most of the energy is produced by nuclear, hydro and thermal plants. Looking at the year 2016 in the energy production of Romania the most dominant is the coal and gas usage to produce electric energy in thermal plants. In this paper we wanted to look through the energy management of Romania both in the field of conventional and renewable energy sources based on different aspects. In our research we have made several forecasts considering the consumption and production. In this paper we have reviewed the Romanian energy management from 2000 until recently, since a continuous change can be seen in the energy management of Romania. In the analysis descriptive statistics, dynamic indices and polynomial trend values were used. At the calculations many databases were taken into consideration. For some of the analysis we used the data found on Transelectrica. Besides, we used the data of BP Statistical Review of World Energy and their descriptions. In case of Romania we also utilized the governmental strategies, professional political materials, action plans and different professional studies as well. In the course of our research we used long time series in which the component effect of the time series must be filtered out, so it had to be ‘smoothened’. There are two methods for this: the method of moving averages and the analytical trend calculation. We chose the analytical trend calculations (polynomial trend function) based on the proper fitting.
