Electricity Safety Monitoring as a Tool for the State Regulation of Ukraine’s Electricity Market
Hubarieva I. O., Salashenko T. I.

Hubarieva, Iryna O., and Salashenko, Tetiana I. (2021) “Electricity Safety Monitoring as a Tool for the State Regulation of Ukraine’s Electricity Market.” The Problems of Economy 1:11–20.
https://doi.org/10.32983/2222-0712-2021-1-11-20

Section: Economics and national economy management

UDC 338.2

Abstract:
The article substantiates the methodological approach to electricity safety monitoring and developing practical guidelines for its implementation. Electricity safety is a state of the electric power system, which ensures its existence and guarantees that the electric power interests of its elements are satisfied. Ensuring electricity safety means achieving a systemic state in which electricity consumers are aware of the effective level of their own consumption, which provides them with the chosen option of operation, and electricity producers can meet their electricity interests to the required extent. Electricity safety monitoring should be carried out regularly (daily) and be of an operational and preventive nature in order to quickly identify risks and respond to threats of electricity crises. The methodical approach to monitoring electricity safety includes the following points: development of the electricity safety components and synthesis of the electricity safety indicators; quantitative and qualitative assessment of electricity safety; generalized assessment and qualitative interpretation of electricity safety. A methodical approach to monitoring electricity safety is proposed, which requires daily assessment of the quantitative and qualitative state of electricity safety by consumer (adequacy margin), production (reliability margin) and fuel (supply margin) components, and makes it possible to quickly identify and respond to risks, thus avoiding electricity crises. The approbation of the proposed approach allowed us to specify the crisis level of the real electricity security and the pre-crisis level of the nominal electricity security. Such a situation requires immediate action by the central executive body to prevent power outages.

Keywords: electricity market, electricity safety, energy security, government regulation, monitoring.

Fig.: 7. Tabl.: 4. Bibl.: 14.

Hubarieva Iryna O. – Doctor of Sciences (Economics), Professor, Deputy Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: gubarievairyna@gmail.com
Salashenko Tetiana I. – Candidate of Sciences (Economics), Senior Research Fellow, Department of Industrial Policy and Energy Security, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: tisandch@gmail.com

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