Bìznes Inform (Mar 2020)
The Current Status and the Prospects of Development of the New Electrical Power Market in Ukraine
Abstract
Ensuring a sustainable energy supply is one of the top strategic priorities in the 21st century, a critical condition for the normal functioning of all sectors of the world economy. Energy security is the most important part of the life-sustaining activity of the country. It is interpreted as the protection of citizens and the State in general against the threats of shortages of energy and energy resources, arising from negative natural, man-made, managerial, socio-economic, internal and foreign policy factors. Among the aspects of energy security is the status of power generation capacities and the prospects for their development for the near and long term. The article is concerned with researching the current status of electrical power industry in Ukraine and the prospects for its development by means of the launched new electrical power market. The main problems of operation of the electrical power industry and ways to solve them are considered. The dynamics of electrical power consumption in Ukraine are analyzed. Data on the status of today’s Ukrainian energy sector, which can make a significant contribution to the transition to sustainable innovation development of the Ukrainian economy and provide an expanded reproduction of Ukraine’s combined energy potential, are presented. The features of operation of the new electrical power market, its structural components, as well as the main goals and objectives for integration with the European power grid are considered. Based on the results of this study, it can be noted that Ukraine has great opportunities to become a significant partner in the provision of European energy security. Conducting such a study will allow to assess the prospects for the development of Ukraine’s electrical power industry and the benefits of integrating the Ukrainian power grid into the ENTSO-E.
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