As an important cost component in the calculation of companies, the markets for electricity and gas are closely monitored by the central bank, also with regard to differences within a currency area. – See energy prices, oil price, Henry Hub, oil price, electricity exchange, two-pillar principle, second-round effects. – Cf. ECB Monthly Bulletin of December 2004, pp. 60 ff; ECB Monthly Bulletin of February 2006, pp. 38 ff (detailed presentation of the pass-through of price increases to the HICP); ECB Monthly Bulletin of September 2008, p. 67 (comparative overview of electricity price to oil price).
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