Analysis of Energy Pricing: Case Study of Post-Soviet, Developed, and European Countries

BSc. Jakhongir Khudayberganov

Master's thesis

Abstract:

The diploma thesis is focused on the analysis of the disparities that exist between three different categories of countries in the context of electricity prices – Post-Soviet republics, developed countries and countries situated in Europe. In addition to that, there is an emphasis put on one specific country from the Post-Soviet Environment - Uzbekistan. The methodology of the work is represented by an extensive econometric analysis involving the use of cross-sectional data capturing prices of electricity for both households and businesses in June 2023. In addition to the econometric analysis, the time series analysis is applied to the case of Uzbekistan. The time period covered in the time series analysis starts in 1991 and finishes in 2013 for the majority of variables. It is concluded that prices of electricity are lower in the Post-Soviet space for both businesses and households, while for both developed and European countries, the prices are higher. The highest prices are identified in Europe. When it comes to the country of focus, it is concluded that the situation with the energy industry is quite complicated and if the country will not lower the degree of dependency on fossil fuels, the environment is likely to deteriorate even more. It is vital for Uzbekistan to put additional emphasis on renewable energy sources.

Keywords

Post-Soviet, Central Asia, energy

Language used: English

Date on which the thesis was submitted / produced: 31. 3. 2024

Thesis defence

• Supervisor: Ing. Ghaeth Fandi, Ph.D.
• Reader: Soliman Fandie, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme:
Economics and Management