How Energy Sector Reacted to COVID-19 Pandemic? Empirical Evidence from an Emerging Market Economy
Table 2
Variables’ description.
Variables
Description
CNW
New cases of COVID-19 pandemic worldwide
CNE
New cases of COVID-19 pandemic in Europe
BET-NG
The daily return of BET-NG–is a sectoral index that reflects the evolution of companies listed on the regulated market of the Bucharest stock exchange that have the main field of activity energy and related utilities
SNG
The daily return of S.N.G.N. ROMGAZ S.A.–company that has a vast experience in the field of exploration and production of natural gas, being one of the largest producers and main suppliers of natural gas in Romania
EL
The daily return of electrica–is the only company in Romania listed in the field of electricity distribution and supply
TGN
The daily return of SNTGN Transgaz SA–is the technical operator of the national transport system (NTS) natural gas that ensures conditions of safety, efficiency, competitiveness, and in compliance with European standards of performance and environment, the transport of over 90% of natural gas consumed in Romania
TEL
The daily return of CNTEE trans electrica SA–is already recognized on a national scale and globally as a strong company, with a strategic role in the Romanian electricity market and an essential participant in the regional electricity market
EEX-B
The daily return of the physical electricity index (Phelix)–refers to the base load (Phelix base) price index published daily on the power spot market for the German/Austrian market area
EEX-P
The daily return of the physical electricity index (Phelix)–refers to the peak load (Phelix peak) price index published daily on the power spot market for the German/Austrian market area
APX
The daily return of the Amsterdam power exchange (APX) electricity Netherlands average all hours
LNGI
The daily return of the London natural gas index United Kingdom pence per 100000 British thermal units
