Strategic priorities of regulating the investment and innovation processes in electric power industry of the South-Eastern region of Ukraine

Abstract

Substantiating the priorities of regulating the investment-innovation processes in the electric power industry is of essential practical use for Ukraine and its regions. The priorities should be determined following certain principles to improve the efficiency of their application through organizational, managerial, and economic approaches to promoting low-carbon development consolidated with priorities concerning climate change, economic development, and perspective competitiveness. The paper aims is to examine the main strategic priority directions of regulating the innovation and investment processes occurring in the electric power industry of the country. In this scientific work, the priority directions concerning the regulation of investment and innovative processes of the electric power industry of the South-Eastern region of Ukraine and the directions of its realization are offered. Regulatory objects are specified. The conceptual provisions of the strategic priorities for the regulation of investment and innovation processes in the electricity sector of the state are outlined, as well as the goals, principles, and imperatives are determined. The paper emphasizes that the South-Eastern region of Ukraine is characterized by a high capacity for the development of renewable electricity. An in-depth study of several basic regulations that determine the priorities for regulating innovation and investment processes in the electricity sector of the South-Eastern region is carried out. The main challenges of the industry development are summarized. The risks it carries for the regions of the state as well as the opportunities it gives them, including the attraction of investments, are indicated. As a result of the study, the range of priorities of direct and general nature was outlined.