Does the Ukrainian electricity market correspond to the european model?

Osińska, Magdalena; Kyzym, Mykola; Khaustova, V. Y.; Ilyash, Оlha; Salashenko, Tetiana

doi:10.1016/j.jup.2022.101436

Cited by 8 publications

(3 citation statements)

References 27 publications

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“…Developing issues in the electric power sector have received a lot of attention in research. A wide range of these problems have formed a relevant research field in economics, which includes studying the sustainability of electric power sector development [9][10][11][12][13], the liberalization of electricity markets [14][15][16][17][18], electricity pricing policy and price fluctuations [19][20][21][22], and the forecasting of energy mix and fuel consumption [23,24]. Today, the electric power sector's development is considered relevant to ensuring EU energy security [25][26][27][28] and its energy transition to decarbonization [29][30][31][32][33][34][35].…”

Section: Literature Reviewmentioning

confidence: 99%

Fundamental Shifts in the EU’s Electric Power Sector Development: LMDI Decomposition Analysis

et al. 2023

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The electric power sector plays a central role in changing the EU’s energy landscape and establishing Europe as the first climate-neutral continent in the world. This paper investigates fundamental shifts in the EU’s electric power sector by carrying out its logarithmic mean Divisia index decomposition by stages of electricity flows on a large-scale basis (for both the entire EU and its 25 member states) for the period 1995–2021 and identifies the individual contribution of each EU member state to these shifts. In this study, four decomposition models were proposed and 14 impact factors (extensive, structural, and intensive) affecting the development of the EU electric power sector were evaluated in absolute and relative terms. It was found that the wind–gas transition, which took place in the EU’s electric power sector, was accompanied by an increase in the transformation efficiency of inputs in electricity generation and a drop in the intensity of final energy consumption. The non-industrial reorientation of the EU’s economy also resulted in a decrease in the final electricity consumption. At the same time, this transition led to negative shifts in the structure and utilization of its generation capacities. The fundamental shifts occurred mainly at the expense of large economies (Germany, France, Spain, and Italy), but smaller economies (Romania, Poland, Croatia, the Netherlands, and others) made significant efforts to accelerate them, although their contributions on a pan-European scale were less tangible.

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Section: Literature Reviewmentioning

confidence: 99%

Fundamental Shifts in the EU’s Electric Power Sector Development: LMDI Decomposition Analysis

et al. 2023

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“…Therefore, their price dynamic depends on many fundamental factors: solvent demand, determined by the macroeconomic situation, the structure of supply, determined by the technical availability and economic efficiency of the certain generator units, and the situation in adjacent energy markets. The continuum of fundamental factors determines a wide range of studies of electricity markets and pricing trends in them [1][2][3][4][5][6][7]. The energy crisis in the EU electric power sector, which has been developing since the 3 rd quarter of 2021, is the result of the combined action of the above factors.…”

Section: Introductionmentioning

confidence: 99%

Identification of the energy crisis in the EU electricity markets

Salashenko,

Rubino,

Khaustova

et al. 2023

IOP Conf. Ser.: Earth Environ. Sci.

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In the second half of 2021 - the first half of 2023, the EU electricity markets were under unprecedented pressure caused by soaring gas prices and aggravated by other fundamental factors. This period corresponds to the energy crisis in the EU electric power sector. However, all EU electricity markets responded to the energy crisis differently. This paper proposes a methodology for revealing the energy crisis in the electricity market, which is based on the tools of descriptive statistics, explanatory data analysis and k-means clustering which allows to identification duration and phases of the energy crisis such as escalation, peak, and recovery phases. Using this methodology, the energy crisis was identified in the EU electricity markets (by separate bidding zones), and as a result, the starting and ending points of the energy crisis, as well as the changing by phases, were determined. Additionally, the use of hierarchical and agglomerative clustering methods made it possible to divide all EU electricity markets into 9 clusters by the evolution of the energy crisis and identify unaffected, resilient vulnerable markets to the energy crisis, and markets with their own dynamics.

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“…Scientists pay considerable attention to problems of development of the energy sector as a whole and power industry in particular. In their research, they analyse a large number of issues in the development of this sphere: sustainable development of energy markets ( [3][4][5][6]), infrastructure of competitive electricity markets ( [7][8][9][10]), pricing policy and price fluctuations in electricity markets ( [11][12][13][14] etc. ), energy policy in world countries ( [15][16][17]), and many others.…”

Section: Introductionmentioning

confidence: 99%

Consistency of trends in the economic and energy development of Ukraine: Assessment and analysis

et al. 2023

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Reforming Ukraine’s energy sector is targeted at the implementation of European legislation into national practice. However, the lack of a vision of the country’s energy model, coordinated with trends and priorities of its economic development, is creating a number of problems with its energy supply. The aim of the presented study is to assess the consistency of trends in the economic and energy development of Ukraine. To achieve the goal, a methodological approach to assessing the consistency of trends and structural changes in the economy and energy sector was developed. It was proposed to carry out the assessment based on the analysis of the resource / commodity and production / consumption chains of the electric power industry, and the conditions of the electric power market. It was proved that the trends and structural changes in the economy of Ukraine were not accompanied by corresponding changes in the energy sector of the country. Such inconsistency conditioned: a low level of utilization of installed power generation capacities and, consequently, a high level of unused power generation reserves; a high level of power generation reserves that determined a significant level of non-productive costs and, consequently, a high total cost of power production.

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Does the Ukrainian electricity market correspond to the european model?

Cited by 8 publications

References 27 publications

Fundamental Shifts in the EU’s Electric Power Sector Development: LMDI Decomposition Analysis

Fundamental Shifts in the EU’s Electric Power Sector Development: LMDI Decomposition Analysis

Identification of the energy crisis in the EU electricity markets

Consistency of trends in the economic and energy development of Ukraine: Assessment and analysis

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