Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis

Prior to the outbreak of the conflict in Ukraine, the European energy markets had already been in a profound state of crisis with prices reaching top levels and with minimum supplies. The cost of the energy has had a significant impact on the performance and the sustainability of the majority of the...

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Main Authors: Veronica Grosu, Marian Socoliuc, Marius Sorin Ciubotariu, Elena Hlaciuc, Mihaela Tulvinschi, Anamaria Geanina Macovei, Anatol Melega
Format: Article
Language:English
Published: Frontiers Media S.A. 2022-11-01
Series:Frontiers in Energy Research
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fenrg.2022.1016075/full
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author Veronica Grosu
Marian Socoliuc
Marius Sorin Ciubotariu
Elena Hlaciuc
Mihaela Tulvinschi
Anamaria Geanina Macovei
Anatol Melega
author_facet Veronica Grosu
Marian Socoliuc
Marius Sorin Ciubotariu
Elena Hlaciuc
Mihaela Tulvinschi
Anamaria Geanina Macovei
Anatol Melega
author_sort Veronica Grosu
collection DOAJ
description Prior to the outbreak of the conflict in Ukraine, the European energy markets had already been in a profound state of crisis with prices reaching top levels and with minimum supplies. The cost of the energy has had a significant impact on the performance and the sustainability of the majority of the economic operators, most of them considering the overgrowth of the price of the energy and the raw materials as the main risks in terms of the short - term development of the operational activity. Given the current situation, the aim of the study is to identify new solutions to reduce the negative effects of the present day crisis on the Romanian economic operators. In this context, the study focuses on the following objectives: O1—estimating the social and economic effects on the economic operators as a result of the energy crisis; O2—identifying the key factors which make the economic operators switch from the traditonal resources consumption to the renewable energy consumption and O3 - analyzing the influence factors in stimulating the investments in the renewable energy. The research methods that have been used are based on the quantitative analysis with the help of a questionnaire applied to 264 Romanian production companies. The final results of the present study refer to designing an overall profile of the industrial consumers given the escalation of the energy crisis worldwide. The findings of the study can be useful both for the final energy consumers and for the producers and distributors alike and ultimately for the European and national legislators whose decisions are closely related to the very future of these economic entities.
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spelling doaj.art-1aad59bab53c4b4883f4f00dcb2264c12022-12-22T04:16:06ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2022-11-011010.3389/fenrg.2022.10160751016075Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisisVeronica GrosuMarian SocoliucMarius Sorin CiubotariuElena HlaciucMihaela TulvinschiAnamaria Geanina MacoveiAnatol MelegaPrior to the outbreak of the conflict in Ukraine, the European energy markets had already been in a profound state of crisis with prices reaching top levels and with minimum supplies. The cost of the energy has had a significant impact on the performance and the sustainability of the majority of the economic operators, most of them considering the overgrowth of the price of the energy and the raw materials as the main risks in terms of the short - term development of the operational activity. Given the current situation, the aim of the study is to identify new solutions to reduce the negative effects of the present day crisis on the Romanian economic operators. In this context, the study focuses on the following objectives: O1—estimating the social and economic effects on the economic operators as a result of the energy crisis; O2—identifying the key factors which make the economic operators switch from the traditonal resources consumption to the renewable energy consumption and O3 - analyzing the influence factors in stimulating the investments in the renewable energy. The research methods that have been used are based on the quantitative analysis with the help of a questionnaire applied to 264 Romanian production companies. The final results of the present study refer to designing an overall profile of the industrial consumers given the escalation of the energy crisis worldwide. The findings of the study can be useful both for the final energy consumers and for the producers and distributors alike and ultimately for the European and national legislators whose decisions are closely related to the very future of these economic entities.https://www.frontiersin.org/articles/10.3389/fenrg.2022.1016075/fullrenewable energyinvestmentsgreen certificateenergy crisissustaianability
spellingShingle Veronica Grosu
Marian Socoliuc
Marius Sorin Ciubotariu
Elena Hlaciuc
Mihaela Tulvinschi
Anamaria Geanina Macovei
Anatol Melega
Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis
Frontiers in Energy Research
renewable energy
investments
green certificate
energy crisis
sustaianability
title Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis
title_full Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis
title_fullStr Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis
title_full_unstemmed Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis
title_short Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis
title_sort designing the profile of industrial consumers of renewable energy in romania under the impact of the overlapping crisis
topic renewable energy
investments
green certificate
energy crisis
sustaianability
url https://www.frontiersin.org/articles/10.3389/fenrg.2022.1016075/full
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