GROUNDS FOR SELECTION OF THE ENERGY MARKET GOVERNMENT REGULATION TOOL

Abstract

Introduction. World experience has shown that the high energy intensity of the economy coupled with the scarcity of its own energy base causes many problems of low competitiveness of the country. The use of an effective model of state regulation of energy consumption allows us to form an effective energy saving strategy, to intensify the processes of updating the fixed assets with high-tech energy-saving equipment and technologies.

Hypothesis: the lack of a universal approach to building a system of state regulation of the energy market requires focusing on individual methods and directions of implementing energy conservation policies.

The purpose of the study is to substantiate and develop practical recommendations for implementing an effective policy of state regulation of the energy market.

Methods of research: historical and logical – in the study of patterns of development of scientific thought about the role of the state in regulating the energy resources market; statistical and factor analysis – for revealing of 

macroeconomic factors of influence on the market of energy resources; economic and mathematical modeling – in developing the model of functioning of the energy market.

Results: features of the use of modern instruments of state regulation of energy resources are analyzed. The model of functioning of the energy resources market, the introduction of which will contribute to the formation of a highly competitive environment of generating companies, transferring organizations, intermediaries, and a high level of competition, is proposed.

Conclusions: state regulation of the energy resources market is an activity on the state functions in relation to the rational use of energy resources, reducing the energy intensity of the gross domestic product. Formation of effective instruments of state regulation of the energy resources market will improve the functioning of the energy sector of the Ukrainian economy.