The Use of Multidimensional Exploration Techniques to Assess the Similarity of the Development Level of Energy Markets

Abstract

The article undertakes research in the field of analyzing the similarity of Member States in terms of parameters characterizing the level of development of energy markets. Internal energy integration within the European Union requires transformation of energy systems towards the production of ecological energy, which is a challenge for the economies of many countries. Therefore, the article shows a significant level of diversity in the energy markets of individual countries, which indicates the possibility of differentiating the set ecological goals to be achieved by 2030. Multidimensional analysis was used to select groups of similar countries. Data were collected for 2018 for nine diagnostic variables. The research resulted in six clusters of countries similar to each other in terms of the level of development of energy markets.