This dissertation was written as a part of the MSc in Energy & Finance at the International Hellenic University. In this thesis the main purpose is to examine the relationship
of the electricity price growth volatility with some fundamental energy security indicators and to what extend it can be explained by these indicators.
Fifteen European Countries were examined for a timespan of sixteen years and six energy security indicators were used for this analysis. After conducting the necessary tests
to the panel that was formed, the random effects model that was chosen resulted to three
significant energy security indicators Reserve Margin of Generation Capacity, diversity
of TPES and TPES Self-Sufficiency Ratio. Finally OLS analysis was conducted separately for each country with diverse results, based on the specific features of each country. The above econometric analysis was conducted in STATA.
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