CURRENT STATE OF THE ALTERNATIVE ENERGY MARKET IN UKRAINE

Abstract

The article examines the current state of development of the alternative energy market in Ukraine. An analysis of the energy market of Ukraine was made and the main factors stimulating the development of alternative energy were determined. These factors include legislative, economic, technological, administrative, geographic, and informational psychological factors. Changes in legislation related to the use of renewable energy sources are analyzed. A plan for the development of renewable energy sources in Ukraine is being considered. Today, most countries are trying to change their development scenarios to meet the ever-increasing energy needs. They do this by introducing new policies and focusing on alternative energy and energy efficiency issues. The transformation of energy markets is an important manifestation of modern energy trends. In this context, the achievements made within the framework of the Third Energy Package of the European Union regarding the creation of the European Union energy market should be particularly important. The analysis of the consequences of the transformation of energy markets in accordance with the Third Energy Package of the European Union allows to determine the main features and trends of the development of modern energy and to form connections between the subjects of the energy market in the next 10-20 years. All European countries have set targets for renewable energy. The European Union aims to become the world’s first climate-neutral continent by 2050.To achieve this goal, the European Union has launched its most ambitious package of measures, the European Green Deal, which aims to help people and companies in Europe achieve a sustainable green transition. In the light of the current pandemic, growing competition, globalization and ongoing European integration, research into the development of alternative energy is particularly important for Ukraine. Changes to the «green tariff» for wind and solar energy are presented. The paper shows that modern technological trends and improvement of energy efficiency and energy security of the country require changes in electricity production and are important for the country as a whole.