The Role, the Importance and Econometric Analysis of Nuclear Power Production in Romania and European Union

The recent energy crisis faced by many member states of the European Union has led them to postpone or even abandon the decision to phase out nuclear energy from their energy mix. Moreover, Romania is one of the member states that invest more and more in the construction of nuclear power plants. Starting from these considerations, this article provides an analysis of the current state of nuclear energy production in Romania and the European Union. Also, the article analyzes from an econometric point of view the production of nuclear energy in Romania, as well as at the level of the European Union, making forecasts for short periods of time. The forecasts obtained, highlight the importance of the continuation of nuclear energy production, in the context of the target objective of the EU-27 member states regarding energy independence.