Economic security of energy companies in the context of ‘green’ transformation

Анотація

Introduction. The article analyses the current policy of supporting and stimulating the ‘green’ transformation of the energy sector of Ukraine. Particular attention is paid to the feed-in tariff mechanism, which has become the most popular tool for attracting investment in renewable energy sources (RES). The author identifies its key advantages: guaranteed sale of electricity, fixed price pegged to the euro, and compensation for restrictions imposed by the transmission system operator. At the same time, the author identifies problematic aspects of this mechanism, in particular, a significant budgetary burden and an increase in debt obligations in the sector. The reasons why other mechanisms proposed by the government to support renewable energy sources have not been implemented are investigated. It is emphasised that military risks, overregulation of the market, uncertainty about the future of the energy sector and investor distrust of the state make it impossible to attract new investments. Purpose. The purpose is to study the mechanisms of state regulation of the electricity market in Ukraine and outline their impact on the economic security of electricity companies, identify the key problems that arise on the way to the ‘green’ transformation of the energy sector and the prospects for attracting investment to create conditions for accelerating the development of renewable energy sources and, consequently, the transition to the generation of ‘clean’ electricity. Method (methodology). The article uses a set of general scientific and special research methods. In particular, the method of system analysis was used to study the relationship between the mechanisms of state regulation of the energy market of Ukraine and their impact on the energy sector. The method of comparative analysis allowed to assess the effectiveness of the ‘green’ tariff mechanism in comparison with other instruments for stimulating ‘green’ transformation. Elements of the prognostic method were used to formulate promising areas of ‘greening’ the energy sector, taking into account EU requirements and wartime challenges. Results. The necessity of a strategic approach to green transformation with a focus on the development of effective financial mechanisms and the implementation of European legislation, in particular the Clean Energy Package, is substantiated. It is concluded that a deep reform of the energy sector is needed to ensure long-term stability, economic security and integration of Ukraine into the European energy space.

Класифікація

Ідентифікатори

Схожі роботи