DEVELOPMENT OF ELECTRICITY AND GAS PRICES.

Energy prices are a widely discussed topic and their development influences everyday life of every person. This paper deals with the development of electricity and natural gas prices in the years 2017 - 2022 with the aim to evaluate this development and determine the impact of extreme events on this development. For the purposes of describing the development, the descriptive analysis of electricity and natural gas time series was used. The impact of extreme events represented by the COVID-19 pandemic was determined using the correlation analysis. The results show that in the monitored period, the development of electricity prices was more stable that the prices of natural gas. However, the correlation between the average increment in the number of patients with COVID-19 and the prices of energy commodities could not be confirmed. To prove the influence the above extreme events, a more complex analysis would be necessary, which would include other factors that could have an impact on energy prices. [ABSTRACT FROM AUTHOR]