Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204177
Authors: 
Astrov, Vasily
Hanzl-Weiss, Doris
Leitner, Sandra M.
Pindyuk, Olga
Pöschl, Johannes
Stehrer, Robert
Year of Publication: 
2015
Series/Report no.: 
wiiw Research Report 405
Abstract: 
Environmental objectives of the EU and the widened energy price gap between the EU and the United States have recently given rise to concerns about the competitiveness of European manufacturing industries, particularly their energy-intensive branches. The study demonstrates that industrial end-user prices for gas and electricity in the EU have indeed gone up strongly relative to some of its main competitors, largely on account of the network costs component. At the same time, over the past two decades there have been marked advances in energy efficiency in response to energy price shocks. These advances have been driven primarily by technological improvements (although in the NMS a structural shift has also played a role), particularly in the case of electricity and in the long run. However, these did not fully offset the energy price increase, so that the energy cost shares have generally gone up. The study empirically demonstrates that this has had some detrimental effect on industrial competitiveness, although the latter has been generally overshadowed by the impact of other cost components such as labour costs.
Subjects: 
energy sector
energy prices
energy costs
energy intensity
industrial competitiveness
JEL: 
Q40
Q41
Q4
Document Type: 
Research Report

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