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Energy diversification and security in the EU: Comparative assessment in different EU regions

Štreimikienė, Dalia,Siksnelyte-Butkiene, Indre,Lekavicius, Vidas

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Štreimikienė, Dalia; Siksnelyte-Butkiene, Indre; Lekavicius, Vidas Article Energy diversification and security in the EU: Comparative assessment in different EU regions Economies Provided in Cooperation with: MDPI – Multidisciplinary Digital Publishing Institute, Basel Suggested Citation: Štreimikienė, Dalia; Siksnelyte-Butkiene, Indre; Lekavicius, Vidas (2023) : Energy diversification and security in the EU: Comparative assessment in different EU regions, Economies, ISSN 2227-7099, MDPI, Basel, Vol. 11, Iss. 3, pp. 1-18, https://doi.org/10.3390/economies11030083 This Version is available at: https://hdl.handle.net/10419/328708 Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence. https://creativecommons.org/licenses/by/4.0/ Citation: Streimikiene, Dalia, Indre Siksnelyte-Butkiene, and Vidas Lekavicius. 2023. Energy Diversification and Security in the EU: Comparative Assessment in Different EU Regions. Economies 11: 83. https://doi.org/10.3390/ economies11030083 Academic Editor: Lea-Rachel Kosnik Received: 17 January 2023 Revised: 22 February 2023 Accepted: 2 March 2023 Published: 6 March 2023 Copyright: © 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/). economies Article Energy Diversification and Security in the EU: Comparative Assessment in Different EU Regions Dalia Streimikiene 1,* , Indre Siksnelyte-Butkiene 2and Vidas Lekavicius 1 1Lithuanian Energy Institute, Breslaujos 3, LT-44403 Kaunas, Lithuania 2Kaunas Faculty, Vilnius University, Muitines 8, LT-44280 Kaunas, Lithuania *Correspondence: dalia.str[email protected] Abstract: Various methods and tools have been developed to quantify energy supply security; however, there is no ideal framework to measure energy security, as the concept is multifaceted and context dependent. Energy supply security has always been an extremely important issue for European Union (EU) countries due to high import dependency, and recent events linked to the COVID-19 pandemic and the Russian invasion of Ukraine have made it exceptionally important to reconsider this problem to identify the crucial issues and address contemporary policy needs. This study endeavours to systematise the primary energy security indicators in terms of policy relevance and develop an energy security assessment framework to examine energy import dependency and diversification for the EU in view of recent problems. This study introduces an energy import diversification and security index which enables measurement of a country’s energy security level for comparison with other countries and identifies primary areas for improvement. The proposed framework is then applied to a case study of selected EU countries to examine regional differences and identify potential improvements. Keywords: energy import diversification; energy security; indicators: EU member states 1. Introduction Modern life is entirely dependent on energy supply, and the COVID-19 pandemic and the Russia–Ukraine war have elevated the importance of energy security issues which must now be reconsidered (Chen et al. 2021). The consequences of the COVID-19 pandemic are widely discussed in the scientific literature. Overall, the changes in the energy sector during the pandemic were related to extreme fluctuations in global energy consumption and demand patterns (Krarti and Aldubyan 2021;Zhong et al. 2021), the development of renewable energy sources (Siksnelyte-Butkiene 2021) and the implementation of objectives to reduce GHG emissions (Kumar et al. 2022), among other consequences. The European Union (EU) has been dependent on imported energy sources for many years (Eurostat 2022), and a large proportion of the EU’s natural gas supply comes from Russia (Eurostat 2022). The Russia–Ukraine war, which started on 24 February 2022, has amplified the necessity to strengthen the level of energy security in Europe (European Commission 2022a). Due to the constraints caused by these global events, the volume of energy trade sharply decreased, and energy transportation interruptions and limited storage capacities in EU countries placed energy security at high risk in energy-import-dependent countries. As global product markets have experienced huge shocks in recent years, energy prices have increased significantly, causing extensive problems for countries and societies (Siksnelyte-Butkiene 2022). Energy-importing countries face high risks in the global energy market, including supply chain disruption risks. In addition, climate change mitigation commitments and the accelerated penetration rate of renewable energy put additional pressure on energy supply security due to the unreliable nature of current renewable energy sources (Istudor et al. 2021). Guaranteeing a reliable, adequate and environmentally Economies 2023,11, 83. https://doi.org/10.3390/economies11030083 https://www.mdpi.com/journal/economies Economies 2023,11, 83 2 of 18 friendly energy supply is a principal goal that presents a significant challenge for EU member states due to high dependencies on energy imports. Energy security is a contextdependent and multifaceted problem which is closely associated with national security and foreign policy. It is also a global problem linked to matters of international energy supply and energy geopolitics (Bompard et al. 2017;Rodríguez-Fernández et al. 2020;Khan and Dhakal 2022). The extensive scientific literature analyses energy security issues, ranging from analyses of various methodological approaches for defining and measuring energy security (Helm 2002;Feygin and Satkin 2004;Jansen et al. 2004;Alhajji 2008;Gupta 2008;Axon et al. 2013;Belkin 2008;Hedenus et al. 2009;Cabalu 2010;Bollen 2008;Chester 2010;Cohen et al. 2011;Hughes 2012;Bollino and Galkin 2021) to empirical studies (Lesbirel 2004;Hellmer and Wårell 2009;Bang 2009;Devaraj et al. 2021;De Rosa et al. 2022) applying previously developed energy security indicators and proposing modifications (Kanchana and Unesaki 2015;Lef ˙ evre 2009;Löschel et al. 2009;Wu et al. 2009;Vivoda 2010;Sovacool 2011;Song et al. 2019;Yu et al. 2022). A majority of the related research seeks to apply a general methodology to measure energy security and refine the research questions regarding energy security quantification (IEA 2007;IAEA 2005). Quantitative methods dominate studies examining energy supply security, particularly in cross-country comparisons and analyses of energy security dynamics. Previous research regarding energy supply security does not emphasize the current state of energy supply security due to the COVID-19 pandemic and the Russia–Ukraine war, which generated considerable challenges for EU countries due to high energy import dependency and concentration. This study aims to address this gap and contribute to the analysis and assessment of energy security in the EU by considering these recent problems which disrupted natural gas and oil supplies from Russia. Based on a literature review and analysis of available energy security indicators, a measurement framework of energy import dependency and diversification is constructed and applied in a case study of selected EU member states from the main geographical regions: eastern, western, southern and northern Europe. This study presents an energy import diversification and security (EIDS) index to determine the level of energy security linked to energy import dependency and diversification. The proposed index enables the measurement of a country’s energy security level for comparison with other EU countries and identifies primary areas for improvement. Three different weighting schemes are used for sensitivity analyses. The analysis covers a six-year period (2015–2020) to investigate the impact of the COVID-19 pandemic on energy supply security. The proposed index could be useful tool for further research to identify the impact of various uncertainties and geopolitical issues and events on the energy security of countries which are energy import dependent and seeking diversification. The remainder of this paper is structured as follows. In Section 2, literature on energy supply security and energy security quantification are analysed and systematised. Section 3presents the proposed framework for energy security assessment and details the methodology of assessment. The results of the assessment representing four different EU geographical regions are presented in Section 4. Section 5discusses the research results and findings, summarizing conclusions and proposed policy implications. 2. Literature Review 2.1. Energy Security Concept The concept of energy security has evolved in the past few decades, and no universal definition of energy security or its components has emerged. Although energy security is a critical consideration of every country’s energy system management and a crucial aspect of international relations (Marhold 2021), the concept remains vaguely defined and dependent on the context of the questions analysed, individual perceptions, environmental concerns and countries’ political and economic factors, among other relevant factors. An uninterrupted energy supply is essential to the functioning of a country’s whole economy: therefore, energy security is traditionally associated with energy supply security, which Economies 2023,11, 83 3 of 18 emphasizes access to energy suppliers and the scarcity of fossil fuels. In the beginning, the term was specifically used referencing oil, but after the ‘oil crises’ in the 1970s and 1980s, an increase in natural gas usage occurred and the concept was applied to the other energy sources as well. As energy sources are traded globally, physical shortages of energy are reflected in price fluctuations. Subsequently, definitions that only reflect physical characteristics are too narrow. Energy price is an important aspect of energy security (Kruyt et al. 2009). In contemporary research, the concept of energy security has shifted from a traditional understanding to an interdisciplinary approach. Different concerns regarding the climate change, globalisation and individual well-being have added new dimensions, expanding the perspectives regarding what energy security is and what it is related to (Jakstas 2020). The concept of energy security is now linked with various economic, environmental, social, security and political issues. Multiple attempts to define the concept of energy security are found in the scientific literature. For example, the Asia Pacific Energy Research Center (Asia Pacific Energy Research Centre (APERC) 2007) defines energy security as the ability to ensure the supply of energy sources in a sustainable and timely manner at an affordable price, which does not negatively affect the economic performance of a country. APERC identifies five main factors which influence energy supply security, including the availability of energy sources from domestic and external suppliers, the ability to ensure the supply required to meet energy needs, countries’ energy resource and supplier diversification level, accessibility of energy resources, including energy infrastructure capacities and various geopolitical concerns regarding resource acquisition. This construct belongs to the traditional understanding and is widely applied when analysing energy security issues, which is known as the 4As approach, referencing availability, affordability, accessibility and acceptability (Cherp and Jewell 2014). Rodriguez-Fernandez et al. (2022) stress the importance of expanding this traditional understanding of energy security to incorporate current global challenges into the construct, such as climate change and energy dependency. Sovacool et al. (2012) analyse perceptions of energy security in different regions and cultures of the world, demonstrating the presence of significant differences in perception regarding import dependency and security among countries and cultures as well as genders, political orientations, states and regions within countries. Kisel et al. (2016) introduces an energy security matrix that included political affects and indicators reflecting political stability in analysed and supplying countries, efforts to influence the policies of the other countries and the possibility of a country being affected and the corruption level in a country. Perceptions of energy supply security can also be revealed by analysing different energy security indicators. 2.2. Energy Import Dependency and Security Indicators Previous research has developed indicators for quantifying energy supply security in terms of primary energy sources seeking to categorise the main measures of volume and price risks. Multiple approaches are applied to calculate countries’ degree of energy supply security. Some scholars analyse a single aspect of energy supply security by applying simple indicators, whereas others examine several elements of energy security endeavouring to construct aggregated indicators or indices (Kruyt et al. 2009). Several studies provide estimates of fossil resources based on single indicators. The best known one is the United States Geological Survey (USGS) which provides a reliable source of data regarding the quantity of fossil resources available around the world (USGS 2019). Some energy security indicators use reserves to production ratios (Feygin and Satkin 2004) to determine the remaining years of production at current production levels. While neither energy resource reserves nor energy production rates are fixed for countries, examining a combination of these two components enables the evaluation of dynamic quantities. In reality, as constant values are applied for both measures, if projected energy Economies 2023,11, 83 4 of 18 production levels are used instead of current levels, such indicators become less transparent and are not valuable for accurate strategic policy analyses. The International Atomic Energy Agency (IAEA 2005) developed a comprehensive framework for assessing energy supply system sustainability. Single indicators of energy supply security include energy import dependency, energy prices, energy use per capita, share of oil use in the transport sector and other measures in the Energy Indicators for Sustainable Development (EISD) framework. Portfolio theory measures financial risks to achieve trade-off between revenue and associated stock risks in investment portfolios. The approach seeks to determine the limit beyond which investment risk can overcome the benefits of returns. According to portfolio theory, every component of a portfolio is defined by revenue and risk, which are evaluated as the standard deviation of revenue per unit. The risks of price changes in energy generation technologies in energy portfolios are analysed and evaluated in research examining applications of portfolio theory to assessments of energy supply security (Awerbuch and Yang 2007;Jansen et al. 2004). The world energy import price index (Lesbirel 2004) presents a clear distinction between the systemic risk of energy imports which cannot be solved and specific risk that can be addressed. A number of studies examining single indicators of energy security measure countries’ current energy source diversification (Kruyt et al. 2009). In this strand of research, authors use energy source imports as a measure of energy security. Notably, energy supply diversification is a primary strategy used by countries to navigate energy security problems and ensure resilience to energy supply shocks. Increased resilience indicates reduced vulnerability or likelihood of domestic energy supply disruption if external energy carriers’ supply is reduced or cut off. The primary indicators to assess energy supply security in terms of diversity of energy supply include the Herfindahl–Hirschman, Shannon and Gini Indices (Asia Pacific Energy Research Centre (APERC) 2007). These indices are further developed by Jansen and Seebregts (2009) to assess energy supply security, introducing more complicated indices covering several important issues of energy security. Many studies measure energy security based on energy import dependency (IAEA 2005), which is an extremely important indicator of energy supply security for determining countries’ economic dependence on energy carriers that are outside of government control and can be destabilised at any time for various reasons that are independent of the energy importing country. However, much more research endeavours to construct energy security indicators that cover various issues of energy security and single indicators of energy security. Jansen et al. (2004) present an index based on a modified Shannon index which considers the diversity of fuels and suppliers in the proportion of imports for each energy carrier, also assigning a political stability component for each supplier. The International Energy Agency (IEA 2007) and Lef ˙ evre (2009) propose two important energy security indicators regarding the physical availability and price risks of energy import concentration. The IEA (2007) presents two specific indices for energy security assessment. The first index examines energy supply volume interruptions (ESIVolume), and the second assesses energy price change risks (ESIPrice). The volume–risk index measures the proportion of oil-indexed, pipeline-bound gas imports in a country’s primary energy supply. The price risk index examines market concentration which is computed by applying a political stability-weighted Herfindahl– Hirschman index for all energy supply carriers using concentration measures for each energy carrier market weighted by the proportion of the primary energy supply associated with the price risk of that market (Cohen et al. 2011). Lef ˙ evre (2009) applies these energy security measures to investigate the energy supply security in France and the UK. The energy security measures used by the Asia Pacific Energy Research Centre include energy supply diversity and import dependence (Asia Pacific Energy Research Centre (APERC) 2007). Seebregts et al. (2007) propose a supply–demand (S/D) index based on expert assessments of all possible energy security issues that could arise, such as energy supply and demand, energy conversion, transportation and distribution. The S/D index Economies 2023,11, 83 5 of 18 developed by Seebregts et al. (2007) is estimated as the weighted average of sub-indices for supply and demand, transportation and distribution, conversion and primary energy supply. The usual indicators are integrated into this index, including share of imports, reserve factors and storage capacities, among others. The weights are defined by an expert panel and are quite problematic in terms of robustness and transparency. Bollen (2008) proposes a ‘willingness to pay’ function for examining energy supply security, introducing it into the MERGE model to determine the proportion of gross domestic product (GDP) a country is willing to spend to lower energy supply security risks, which is presumed to be higher for elevated energy supply security. Notably, this measure only calculates oil and natural gas as the primary sources of potential energy supply security risks, limiting its application as a comprehensive indicator of energy supply security. Gupta (2008) proposes an aggregated index of oil supply vulnerability, including the ratio of oil import value to GDP value, oil consumption per unit of GDP, GDP per capita, the share of oil in total energy supply, the ratio of domestic oil reserves to oil consumption level and exposure to geopolitical oil supply and market liquidity risks. The weighting for the aggregation of the indicators is based on a component analysis approach which is robust and transparent; however, the main criticism is that aggregation which could provide useful information for policy analysis is hidden in the index. Table 1presents the main indicators of energy supply security from the literature review with assessments based on measures’ appropriateness for policy analysis and relevant strategic decision-making. Table 1. Measures and indicators of energy supply security. Indicator Input Data Required Source Appropriateness for Decision-Making Single indicators Oil and other energy source estimates Quantity and likelihood the occurrence of oil and other fossil energy resources in the energy markets (USGS 2019) Qualitative Energy resource reserve to energy production ratio Energy resource and production estimates (Feygin and Satkin 2004) Qualitative Energy diversity measures The proportion of energy carriers or energy import in total primary energy supply (TPES) or the proportion of energy suppliers in of energy carriers’ imports (IEA 2007;Cohen et al. 2011) Yes Energy market concentration measures The proportion of energy producers in the market (Hellmer and Wårell 2009; Kanchana and Unesaki 2015;De Rosa et al. 2022) Yes Energy import dependence measures Import quotes or the proportion of energy imports in TPES (Alhajji 2008;Vivoda 2009,2010) Yes Net energy import dependency index (NEID) Energy carriers’ import quotes and proportion of energy carriers in TPES (Asia Pacific Energy Research Centre (APERC) 2007)Yes Political stability indicators and weights The UN Human Development Index (HDI) is supplemented by various ratings of political risks provided by the World Bank and other international organisations (IAEA 2005) Qualitative Energy price Prices of oil, natural gas, coal and other energy resources and their dynamics (IAEA 2005) Yes Mean variance portfolio The proportion of energy carriers in TPES, energy costs per energy carrier and short-term variance in specific energy carriers’ energy cost (Lesbirel 2004;Awerbuch and Yang 2007;Wu et al. 2009;Bollino and Galkin 2021) Limited Non-carbon fuel share Share of non-fossil resources in TPES (Asia Pacific Energy Research Centre (APERC) 2007)Yes Energy market liquidity The energy carriers available on the market and satisfying energy import needs (IAEA 2005) Yes Economies 2023,11, 83 6 of 18 Table 1. Cont. Indicator Input Data Required Source Appropriateness for Decision-Making Energy (or specific fuel) intensity indicators The proportion of energy or specific fuel consumption to GDP (IAEA 2005) Yes Energy use per capita Energy or specific fuel consumption ratio to population (IAEA 2005) Limited Portion of oil use in the transport sector The proportion of oil used in transport consumption (IAEA 2005) Limited Share of transport fuel in total energy (oil) consumption The proportion of transport sector fuel consumption in total energy (oil) consumption (IAEA 2005) Limited Aggregated indices Shannon index-based aggregations The proportion of energy sources in TPES: import quotes, shares of energy suppliers in imports (Jansen et al. 2004) No ESI The proportion of energy producers in the energy market (based on net energy exports), including the political risk ratings per energy producers (IEA 2007) No Supply–Demand (S/D) Index The proportion of energy carriers in TPES, the proportion of energy carriers in imports and the proportion of energy suppliers in imports, including the duration of contracts, energy intensity, conversion and transport data (Seebregts et al. 2007) No MERGE Energy import quotes; energy carrier proportions in TPE, including energy intensity data Bollen (2008) No OVI Energy import quotes, including GDP, oil price, TPES and the proportion of oil suppliers in imports (Gupta 2008) No Source: Produced by authors based on (IAEA 2005;Kruyt et al. 2009;Vivoda 2009;Yu et al. 2022;De Rosa et al. 2022;European Commission 2022b). All analysed indicators allow an ordinal ranking of alternative energy supply options for countries. Furthermore, using a wide range of energy security indicators that address important energy supply security concerns allows us to define the current circumstances of EU energy security and its development. Some energy security indicators are better fit for policy analysis, some can provide only qualitative assessments and others are not useful for local policy analysis and evaluating and monitoring the effects of policies. The most significant conclusion from this analysis is that there is no ideal indicator for measuring energy security, as the adequacy and relevance of energy security indicators strongly depends on the context and time of application. 3. Methodology 3.1. Framework for Assessing Energy Security Linked to Energy Import Dependency and Diversity A framework for assessing energy security in relation to energy import dependency and diversity in the EU is developed based on analysis of available data from the EUROSTAT database (Eurostat 2022) and a set of indicators to monitor the progress towards Energy Union objectives (European Commission 2022b). To convert the set of energy security indicators into more manageable number of indicators, multi-criteria decision tools (Stirling 2009;Devaraj et al. 2021) can be applied to rank EU member states based on a cumulative index of energy security. The purpose of a set of indicators is to determine whether specific policies and strategies advance energy security. The proposed tool can be applied to forecast possible outcomes of potential and implemented policies and measures. The developed set of indicators should include all relevant issues of energy security and leverage available quantitative and empirical data. This is essential for changes to be straightforwardly compared among countries over time. If appropriate, composites of the more important metrics created using a transparent weighting method should be used. Transparency is the key concept for all stages of the development and implementation of any system’s set of indicators and metrics. Another important requirement is that the set of Economies 2023,11, 83 7 of 18 indicators must avoid replication and unnecessary complexity. In addition, it is essential to remember that the construction of indicator frameworks presenting a set of metrics that are not designed for a specific purpose is merely a set of statistics. The main energy security indicators associated with energy import dependency and diversification are selected for the case study. The indicator framework that is constructed for the assessment of energy security in selected EU member states is based on the primary problems identified during the recent COVID-19 pandemic and Russia–Ukraine war global shocks, as these crises have significant impacts on energy supply security risk in the EU due to high energy import dependency on a single energy supplier and/or high concentration ratios. Table 2presents the energy security indicator framework for EU member states. The indicators are also selected considering data availability and comparability to ensure straightforward application of the proposed framework for future studies and monitor the progress achieved. As presented in the energy security indicators framework in Table 2, the first group of energy security indicators cover energy import dependency (overall and for the most significant energy carriers) and indicators of energy supply security associated with energy infrastructure, including the N-1 rule and electricity interconnectivity indicators. The N-1 criteria for gas infrastructure measures the adequacy of countries’ natural gas supply infrastructure by testing the resilience of natural gas supply systems. The indicator is defined in the Annex II of the Regulation (EU) 2017/1938 concerning measures to safeguard gas supply security and is available for all EU member states. Electricity interconnectivity indicators measure countries’ share of electricity import interconnection capacity and total power generation capacity, which is calculated as the ratio of synchronous import interconnection capacity and total generation capacity at 19:00 around 10 January each year. The second group of energy security indicators identifies the concentration of internal energy (power and natural gas) markets in the country. The measures cover market concentration indices and cumulative shares of power generation and natural gas supply by main entities. Cumulative market shares of power generating capacity and power generation of main entities are indicators of the combined power generation market share and the combined market share of generating capacities of the main power generation companies with shares of more than 5 % of national power generation. The cumulative market share of the main natural gas retailers indicates the combined natural gas market share of the main importers with market shares of 5 % or more. The market share of the largest electricity producer and the largest gas production and import company determine how strongly energy generation and supply are dependent on a single supplier. In summary, the framework for assessment of energy security in EU member states includes three groups of indicators covering three main issues of energy security that are relevant to the current context of energy import dependency, energy import concentration/diversification and internal energy supply market concentration. Economies 2023,11, 83 8 of 18 Table 2. Energy security indicators for EU countries associated with energy import dependency and diversity. Indicator Group Indicator Abbreviation Description Target Source Energy import dependency indicators Import dependency Net energy import dependency—Total I-1 Net import dependency (total and by main energy carriers) indicates the percentage of energy that a country imports or the extent to which an economy relies on energy imports to meet its energy needs; %. min Eurostat (2022) Net import dependency—Natural gas I-2 Net import dependency—Crude oil and natural liquid gas I-3 Net import dependency—Hard coal I-4 Gas infrastructure N-1 rule for gas infrastructure I-5 The N-1 rule for gas infrastructure indicator reveals the capability of available natural gas infrastructure to meet overall natural gas demand in case of an interruption in the single largest natural gas infrastructure during days of extremely high demand like extremely cold temperatures; % of total demand that can be satisfied if the largest item of gas supply infrastructure is disrupted. max European Commission (2022b) Electricity infrastructure Electricity interconnection capacity I-6 Electricity interconnectivity level is the ratio between the interconnection capacity of a power import specific country and its overall power generation capacity; % of installed capacity. max European Commission (2022b) Market concentration/diversification indicators Market concentration and diversification in the electricity sector Market share of the largest electricity producer M-1 The market share of the largest electricity producer demonstrates the concentration of electricity generation; %. The cumulative market share in electricity generation is the combined power generation market share of power generating companies with shares of more than 5 % of overall power generation in the country; %. The cumulative market share in electricity generation capacity is the combined share of total power generation capacity of power generating companies with shares of more than 5% of overall power generation in the country; %. min Eurostat (2022) Cumulative market share of main electricity generation entities M-2 Cumulative market share of the main electricity generation entities’ capacity M-3 Market concentration and diversification in the gas sector Market share of the largest gas production and import company M-4 The market share of the largest gas production and import company shows how much the country’s gas sector depends on a single gas supplier; %. The cumulative market share of the main entities providing natural gas in the country shows the combined natural gas market share of the main natural gas importers with natural gas market shares of 5 % or more; %. min Eurostat (2022) Cumulative market share of the main entities providing natural gas in the country M-5 Source: Produced by the authors. Economies 2023,11, 83 15 of 18 Appendix A Table A1. Energy security indicators for the assessment, 2015. Source: European Commission (2022b) and Eurostat (2022). Country I-1 I-2 I-3 I-4 I-5 I-6 M-1 M-2 M-3 M-4 M-5 Belgium 93.27 99.32 100.04 96.28 246.70 17.00 * 48.48 58.37 65.71 32.60 83.80 * Czech Republic 32.09 95.09 98.45 −8.57 268.30 17.00 * 67.70 49.46 62.01 51.04 85.52 * Greece 76.31 99.88 101.49 91.46 108.80 11.00 * 70.72 67.03 75.72 92.48 100.00 * Sweden 31.23 100.00 103.64 99.57 14.00 26.00 * 40.60 80.40 73.40 100.00 100.00 * * Because of data unavailability, data from the previous year are provided. Table A2. Energy security indicators for the assessment, 2016. Source: European Commission (2022b) and Eurostat (2022). Country I-1 I-2 I-3 I-4 I-5 I-6 M-1 M-2 M-3 M-4 M-5 Belgium 84.84 100.56 99.69 93.89 279.00 13.00 62.55 50.48 71.09 30.30 81.60 Czech Republic 32.80 95.71 97.69 −3.78 373.50 19.00 68.40 49.57 59.77 22.75 65.49 Greece 78.21 99.22 100.57 93.69 108.80 10.00 72.00 73.23 86.61 95.00 95.00 Sweden 34.66 100.00 99.96 116.85 15.00 25.00 42.00 77.30 71.40 100.00 100.00 Table A3. Energy security indicators for the assessment, 2017. Source: European Commission (2022b) and Eurostat (2022). Country I-1 I-2 I-3 I-4 I-5 I-6 M-1 M-2 M-3 M-4 M-5 Belgium 85.25 98.45 100.09 94.25 279.00 18.95 60.66 50.50 70.03 26.20 66.40 Czech Republic 37.16 101.86 99.06 17.82 373.50 19.30 67.13 60.70 67.60 33.46 87.90 Greece 77.52 100.51 97.87 109.27 62.00 10.60 58.65 62.16 74.93 75.87 94.40 Sweden 27.92 102.07 98.03 105.27 15.00 25.61 42.40 60.00 71.80 100.00 100.00 * * Because of data unavailability, data from the previous year are provided. Table A4. Energy security indicators for the assessment, 2018. Source: European Commission (2022b) and Eurostat (2022). Country I-1 I-2 I-3 I-4 I-5 I-6 M-1 M-2 M-3 M-4 M-5 Belgium 97.05 100.61 99.98 105.67 273.00 18.95 * 51.51 51.00 63.97 31.80 59.50 Czech Republic 36.88 96.84 98.59 28.38 373.50 19.30 * 68.40 60.26 68.01 46.46 95.18 Greece 77.16 100.66 99.20 87.42 75.00 10.60 * 58.18 57.98 74.53 71.47 99.91 Sweden 30.09 102.14 99.30 97.09 2.50 25.61 * 43.60 58.70 72.90 100.00 100.00 * * Because of data unavailability, data from the previous year are provided. Table A5. Energy security indicators for the assessment, 2019. Source: European Commission (2022b) and Eurostat (2022). Country I-1 I-2 I-3 I-4 I-5 I-6 M-1 M-2 M-3 M-4 M-5 Belgium 88.93 101.86 99.99 102.71 273.00 18.27 55.20 48.00 62.00 31.40 68.00 Czech Republic 40.82 109.75 98.61 41.70 299.70 25.40 69.00 54.00 77.00 31.84 89.00 Greece 82.03 98.99 98.10 104.98 112.40 9.80 49.37 56.00 62.00 40.63 94.00 Sweden 31.29 101.83 99.97 98.08 2.50 25.15 41.37 52.00 67.00 100.00 100.00 Economies 2023,11, 83 16 of 18 Table A6. Energy security indicators for the assessment, 2020. Source: European Commission (2022b) and Eurostat (2022). Country I-1 I-2 I-3 I-4 I-5 I-6 M-1 M-2 M-3 M-4 M-5 Belgium 87.73 99.15 100.51 104.18 273.00 * 14.21 53.02 48.00 62.00 35.30 75.00 Czech Republic 38.90 86.04 101.75 52.00 372.60 27.45 71.10 54.00 77.00 26.41 56.00 Greece 87.89 100.69 101.96 114.59 101.40 9.91 40.83 56.00 62.00 35.85 93.87 Sweden 35.42 101.59 106.15 101.55 2.50 * 24.24 38.40 52.00 67.00 100.00 100.00 * Because of data unavailability, data from the previous year are provided. References Alhajji, Anas F. 2008. What Is Energy Security? Economic, Environmental, Social, Foreign Policy, Technical and Security Dimensions. OGEL. Available online: www.ogel.org/article.asp?key=2787 (accessed on 20 November 2022). Asia Pacific Energy Research Centre (APERC). 2007. A Quest for Energy Security in the 21st Century. 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