The market for guarantees of electricity origin and its impact on the economic security of electricity companies

Abstract

Introduction. The article states that profound cardinal changes are taking place in the energy system of Ukraine - decentralization of generating capacities, "green" energy transition, digitalization, etc., each of which has inevitable consequences for energy enterprises. And therefore, the question arises - how, given the existing accelerated transformation, do not harm the country's energy security or the economic security of energy enterprises? The search for an answer to this question is carried out in this article. The authors focus on mechanisms for stimulating the acceleration of implementing the "green" energy transition. It is emphasized that the mechanisms of the "green tariff" and "market premium" only partially satisfied the stakeholders' interests since their implementation only accelerated the energy transition through the development of solar and wind energy. The feasibility of creating a market that guarantees the origin of electricity and can ensure investment attraction and the economic security of energy enterprises is substantiated.

The article's purpose is to consider the essence of the mechanism of "guarantees of origin of energy produced from renewable energy sources" and its impact on the economic security of energy enterprises.

Research methodology. The following methods were used in the research process: analysis and synthesis, system-logical - when presenting the results of the research; comprehensiveness - when analyzing the state and legal regulation of the energy transition; objectivity - when assessing the effectiveness of mechanisms for stimulating the transition to the generation of "clean" energy; cause-and-effect - when highlighting the results of the "green tariff" mechanism and the "market premium" mechanism; hermeneutic - when interpreting the norms of legislative acts; libertarian method - when assessing the realities of the operating environment of energy enterprises and various aspects of its state and legal regulation, as well as the generalization method, which allowed us to form conclusions and proposals.

Results. It has been proven that the introduction of the mechanism of "guarantees of origin of energy from renewable sources" will attract investments, which, in turn, will accelerate the energy transition and ensure the economic stability of enterprises in the energy sector of the economy.