Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
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Adaptation of international experience of regulation of the electricity market of Ukraine and its regions

УДК: 330.354.1


Писанко Сергій Володимирович,
здобувач Волинського національного університету імені Лесі Українки


Introduction. Against the background of numerous problems related to infrastructure, market shortcomings do not allow to balance the interests of participants and promote the formation of a competitive environment focused on innovation. In fact, there is a contradiction between the government’s statements on the formation of the electricity market in Ukraine, which gave some impetus to intensify investment activities, especially in the field of RES, and current market trends, complicated by low demand for electricity in a pandemic and unstable macroeconomic and political environment. All this gives grounds to say that for Ukraine and its regions, especially those that are powerful producers of electricity, such as the South-East, it remains relevant to study the international experience of regulating the electricity market, especially in terms of intensification of investment and innovation processes.

The purpose is identification of ways to adapt international experience in regulating the electricity market of Ukraine and its regions.

Results. For Ukraine, the European vector remains a priority in the integration of the electricity market. However, in understanding the best practices of the EU countries, Ukraine needs to develop a national regulator of the electricity market. International experience in the power industry is diverse in its various areas and directions. Countries differ in their natural, geographical, demographic, socio-economic characteristics. At this stage, it is important for Ukraine to choose strategic partners and, first of all, to integrate their practices into the domestic environment.

Conclusions. The losing position of the domestic electricity industry is in the ways of supporting the attraction of investments and international cooperation for the purpose of innovative activity. The EU maintains an increased interest in investing in projects in Ukraine, given the prospects for its integration and the need to use the transit and production potential. International confrontations in the struggle for “resources” also have a significant impact. However, Ukraine still needs to increase interest in investing in the electricity sector, including for innovation purposes, positioning its strengths – high development potential of certain areas of electricity, including nuclear, hydro, solar, wind (offshore wind farms), unique transit potential (which is also an additional risk, as it draws the country into international wars for “resources”), as well as high human potential (cooperation at the level of scientific schools, research and development institutes). International experience in the development of the electricity market indicates a trend of liberalization of managerial influences. Another indicative trend is the regionalization of regulation. Given the leading interest of developed countries in RES, it is important for Ukraine to understand, in addition to national priorities for regulating investment and innovation processes in this area, the peculiarities of the development of alternative energy in the regions. This will allow to optimize management decisions according to the specifics of the regional economy, natural ecosystems and society.

Key words: adaptation, international experience, electric power industry, system approach, regional features.


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The article was received 23.09.2020