A study of ways to modernize the current-carrying part of overhead lines to improve the efficiency of electricity transmission through the use of innovative types of wires was conducted. The technical and economic characteristics of AC, ACCR, and AERO-Z wires were analyzed. The results of the analysis revealed that further improvement of the design of AC wires should be based on new progressive developments that would meet such technical requirements as reliability, survivability and durability; corrosion resistance; high adhesion ability; resistance to vibration during operation under the influence of adverse climatic factors; resistance to environmental temperature effects. As an innovative solution to this issue, high-temperature (ACCR) and specially designed (AERO-Z) wires have been developed in foreign countries. A comparative analysis of the types of wires used in Ukrainian power grids with innovative types of wires used in power grids of foreign countries was performed. The results of the comparison of AC, ACCR, and AERO-Z wires show that the factor that limits the scope of application of ACCR wire, even for spans with extremely high requirements for power transmission characteristics, is its extremely high cost. This is because the technical characteristics of this wire are better than those of AC wire and it has a relatively low cost compared to ACCR wire, and its special design is adapted to adverse climatic conditions that affect the characteristics of electricity transmission.