Energy Price Liberalization Consequences on Energy Production Market in the European Union

Abstract

In this paper, the author are making an overview of the energy market in European Union (EU) countries. The present EU energy market and its evolution after price liberalization decision is also analyzed in this article. The steps made to assure national energy markets integration and the evolution of energy consumption and prices are also presented in the manuscript. The dependence of Russian imports is an important issue nowadays in the EU and the main conclusion of the paper is that the governments should develop more the renewable energy systems in order to decrease the dependence on the Russian energy.

Keywords

• energy market
• energy price evolution
• energy mix
• liberalization process
• eu