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Energy Systems and Technologies for the Coming Century ...

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United KingdomSwedenSpainSloveniaSlovakiaRomaniaPortugalPol<strong>and</strong>Ne<strong>the</strong>rl<strong>and</strong>sMaltaLuxembourgLithuaniaLatviaItalyIrel<strong>and</strong>HungaryGreeceGermanyFranceFinl<strong>and</strong>EstoniaDenmarkCzech RepublicCyprusBulgariaBelgiumAustria0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8Price excl. VAT & Excise tax Excise tax VATFigure 4. Gasoline prices in 2011 <strong>for</strong> EU-27 (Data source: Europe's <strong>Energy</strong> Portal,effective March 2, 2011)The share of tax in total diesel price in 2011 is shown in Figure 5. Currently, <strong>the</strong> highesttax on diesel fuel is in United Kingdom, 0.92 EUR per litre of diesel. The share of tax intotal diesel price is a little bit lower comparing to tax on gasoline. In EU <strong>the</strong> share of taxon diesel is in range from 36% to 57% of <strong>the</strong> total diesel price, see Figure 5.United KingdomSwedenSpainSloveniaSlovakiaRomaniaPortugalPol<strong>and</strong>Ne<strong>the</strong>rl<strong>and</strong>sMaltaLuxembourgLithuaniaLatviaItalyIrel<strong>and</strong>HungaryGreeceGermanyFranceFinl<strong>and</strong>EstoniaDenmarkCzech RepublicCyprusBulgariaBelgiumAustria0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8Price excl. VAT & Excise tax Excise tax VATFigure 5. Diesel prices in 2011 <strong>for</strong> EU-27 (Data source: Europe's <strong>Energy</strong> Portal, effectiveMarch 2, 2011)3 Modeling energy consumption <strong>and</strong> servicedem<strong>and</strong>: Results of econometric analysesThe method of approach applied in this paper is based on <strong>the</strong> fundamental relationship:E = S ⋅ FI(1)Risø International <strong>Energy</strong> Conference 2011 Proceedings Page 313

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