Problemi Ekonomiki (Aug 2022)
The Conception of Competitive Electric Energy Market in Ukraine on a Postliberal Basis
Abstract
The formation of a competitive electric energy market is an international obligation of Ukraine and the national interest of its society. Currently, the European model of the electric energy market is being implemented in Ukraine, but in the EU the process of its revision is also underway to accelerate the «green» energy transition. The article expounds that the neoliberal economic paradigm that has dominated the world for the past 90 years needs to be revised to enhance interaction in the interests of society and the environment. The new economic paradigm is recognized as post-neoliberalism, which implies a strategic partnership between the State and business in the interests of society and the environment. The formation of a competitive electric energy market on a post-neoliberal basis is able to ensure the effectiveness of its functioning, prevent electric energy crises and promote sustainable adequate development. The theoretical basis for the formation of a competitive electric energy market should be the theory of the sectoral market, synergetics and the theory of economic mechanisms, the principles of which should constitute the basis of a competitive electric energy market. The electric energy market on a post-liberal basis is based on 3 functions: market effectiveness, electric energy safety, and adequacy of development – and also provides for the introduction of 2 direct economic mechanisms: the commodity market, the market of capacities (mechanisms of the market of ancillary services and throughput capacities are subsidiary to them). The article proposes a conceptual model of a competitive electric energy market on a post-neoliberal basis, highlighting the principles, tasks; defining the roles of participants; formulating a system of hypotheses and provisions for its implementation. The operating model for the introduction of a competitive electric energy market consists of four stages: its identification by key determinants, analysis of development tendencies, construction of an economic mechanism, selection of diagnostic tools
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