Determining the impact of Ukraine’s energy strategy on the efficiency of enterprise management

Abstract

The paper is devoted to the determination of the impact of Ukraine's energy strategy on the efficiency of enterprise management on the example of DTEK, which is one of the key participants in the energy market of Ukraine. Despite the country's constant attention to energy security, the country remains vulnerable to external and internal threats and challenges. That is why the investigation of problems and perspectives of energy market development, as well as the efficiency of its enterprises are extremely important at present. The paper has the applied nature, the research is based on current data of recent years. In particular, the paper presents production volumes, dynamics of export-import and electricity consumption in Ukraine in 2020–2021. The energy market of Ukraine is investigated in detail and the key features of its development are determined. It is determined that the main consumers of electricity in Ukraine are large industrial enterprises and the population. The structure and key participants of management and regulation in the energy sector of Ukraine are revealed in this paper. The state regulation of the electricity market in Ukraine is analyzed, the forms of state aid, benefits and subsidy programs operating in the energy sector are characterized. The main goals of «Energy Strategy of Ukraine for the period up to 2035» project are highlighted and compared with previous programs and plans. It is established that the target parameters of the country's energy strategy should be formed on the basis of energy balance, that is a system of indicators that characterize the resources, production, supply and use of all fuels and energy. To analyze the impact of the country's energy strategy on the efficiency of enterprise management, key financial indicators for the period 2017–2019 of DTEK energy company, including: income, expenses, cost of sales, margin, net profit, assets, investments, paid taxes and others are analyzed. Achievments of the goals of Ukraine's energy strategy in the long-term perspective will contribute to the reduction of dependence on energy imports, overcoming the crisis in economy and increase of the country economic potential as a whole.