Public Lecture on the Trends in the European Energy Market Development

In his presentation Mr. Karel Král examined in details the three major factors influencing the determination of electricity price in a world scale: the macroeconomic perspective, electricity market development and consequences of supporting the Hydroelectric Power Plants (HPP) in Germany. The three factors are characterized by constant variables which not allow to prognosticate the electricity price for a number of years and only its increasing and downwards trends can be determined. The price is calculated through complicated mix of formulas and schedules almost every minute on the base of correlation between the GDP and electricity consumption in a world plan as it is taken into account the influence of the EU regulations on greenhouse gases, HPP and reduction of polluting emissions.