Energy policy as a stabilizing factor in the transformation of the energy security system in Ukraine

Abstract

These actions subsequently caused the institutional transformation of fuel, gas, and electric power measures on the way to economic liberalization. Energy policy combines legal, organizational, financial, and economic regulation in the country's national policy context. Implementation of innovative technological improvements in FEC: modernization of the energy system; improvement of infrastructure; integrating advanced foreign practices into one system; application of innovations following EU legislation; introduction of hydrogen technologies and the transition to clean energy. Creation of reserves is to avoid the shortage of energy resources: form the legislation of Ukraine regarding the reservation of oil and gas storage; creation of an Eastern European gas and oil center (hub) in Ukraine; formation of a system of increasing price competition on European markets through reservation. Assimilation of experience and formation of established norms of behavior on energy saving: improvement of normative and legal aspects of the regulation of economic activity by business entities; technical improvement of production processes; application of systematic monitoring and energy audit; achieving the effect of scale during the production and consumption of energy resources. The energy efficiency of the resources use because of their diversity and the use of FEC: reliability and continuity of energy supply; pricing; normative and legal instruments of regulation; projects related to the implementation of effective energy use; measures to preserve the environment. Diversification in the application of RES in energy segments: to diversify ties with the countries of the energy society; resume cooperation with Poland through the Swinoujske LNG terminal in the context of gas and energy; to activate the transit of energy resources through Slovakia, Moldova, and Romania. Form the activity of the energy system following EU legislation and modern global challenges: implement the priorities of the Green Deal; transition to clean energy; apply hydrogen energy; form the infrastructure for the use of RES. Keywords: energy policy, financial and economic regulation, energy security, energy audit, energy saving, energy efficiency.