The results of the author's systematization of the experience of the Caribbean countries regarding the introduction and use of financial instruments for stimulating the modernization of the electricity generation sector are presented within the article. The assumption about the presence of additional factors of stimulating activity of the state is formulated, which stipulates the lack of identity of the effective transformations of the energy matrix, even with the introduction of a similar number of financial instruments. It is proposed to include the objective realities of economic reality and the internal intrinsic differences between the instruments themselves to the mentioned factors.

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CROSS-SUBSIDIZATION AS A DESTRUCTIVE FACTOR OF UKRAINE`S ELECTRIC POWER DEVELOPMENT ПЕРЕХРЕСНЕ СУБСИДУВАННЯ ЯК ДЕСТРУКТИВНИЙ ЧИННИК РОЗВИТКУ ЕЛЕКТРОЕНЕРГЕТИКИ УКРАЇНИ Urgency of the research. Changes in Ukraine`s energy sector on account of political events of 2013-2015 years increased the urgency of modernizing the power sector. Target setting. At this point it is necessary to identify the peculiarities and the destructive electricity market factors for the further development of recommendations for its improvement. Actual scientific researches and issues analysis.