SHORT-TERM MODELING: THE NEWEST PLAYERS, FUNCTIONS AND TECHNOLOGIES IN UKRAINIAN ENERGY SECTOR

Abstract

Ukraine has begun a deep energy transformation. The legislation on the state regulation of energy and utilities, on the natural gas market has been already implemented; a bill on the electricity market is being prepared for the second reading. The modern energy strategy is in the active stage of the preparation – there are ongoing discussions, exchange of opinions and preparation of proposals and amendments thereto. But the most profound changes in the energy sector of Ukraine are yet to come. Industrial revolution -4.0, state-of-the-art development and technologies, innovative achievements of the world leading energy markets are now gaining irresistible force and operating simultaneously; they intensify and accelerate the need for more radical transformation of the energy sector. We must begin the discussion from the point of view, that is little bit unexpected for professional energy specialists: the main orientation transformations on climate change; on energy security, that comes through rejection of inefficient fossil fuel; on flexibility of grid, that is achieved through the smart technologies; on price optimization for consumers through a formula solar + storage = prosumer; on stimulation of new market components to ensure competition.