ORIGINAL PAPER
Combined model of optimal electricity production: evidence from Ukraine
 
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1
Department of International Economic Relations, Sumy State University, Ukraine
 
2
Department of Management, Sumy State University, Ukraine
 
3
Economic Cybernetics Department, Sumy State University, Ukraine
 
 
Submission date: 2021-08-28
 
 
Final revision date: 2021-12-16
 
 
Acceptance date: 2021-12-16
 
 
Publication date: 2022-03-25
 
 
Corresponding author
Yuliia Halynska   

Department of International Economic Relations, Sumy State University, Sumy, Ukraine
 
 
Polityka Energetyczna – Energy Policy Journal 2022;25(1):39-58
 
KEYWORDS
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ABSTRACT
The article proposes a methodology for the formation of a combined model of the equilibrium values of pricing and the volume of electricity production, taking into account green and traditional sources of electricity production on the example of Ukraine. In accordance with the projected price and volume of electricity production in 2021, a model for redistributing electricity sources were considered, taking into account the minimization of budgetary resources and the risk of electricity production with appropriate restrictions in the production of various types of electricity and their impact on minimizing the price for the end user. The studies have shown that important factors in the formation of electricity prices are indicators of the cost and volume of production, distribution and transportation of electricity to consumers, which largely depends on the formation and further development of the energy market in Ukraine. Also, the redistribution of the volumes of traditional and non-traditional electricity in the common “pot” is of great importance while minimizing risks and budgetary constraints. Balancing the system for generating electricity from various sources will help not only optimize long-term electricity prices and minimize tariffs for the end user, but also allow planning profit in the form of long-term market return on investment. The analysis of the results showed that the optimal distribution of energy production makes it possible to obtain energy resources in the required volume with lower purchase costs and with minimal risk.
METADATA IN OTHER LANGUAGES:
Polish
Połączony model do optymalizacji produkcji energii elektrycznej: przykład Ukrainy
optymalna produkcja energii elektrycznej, taryfy energii elektrycznej, model połączony, tradycyjne źródła, zielone taryfy, oszczędność zasobów
W artykule proponowano metodologię tworzenia modelu łączącego równowagę ceny i wielkość produkcji energii elektrycznej, biorąc pod uwagę zielone i tradycyjne źródła produkcji energii elektrycznej na przykładzie Ukrainy. Na podstawie przewidywanych cen i wielkości produkcji energii elektrycznej w 2021 r. rozważono model dywersyfikacji źródeł energii elektrycznej, który bierze pod uwagę minimalizację środków budżetowych i ryzyko produkcji energii elektrycznej z odpowiednimi ograniczeniami dotyczącymi różnych rodzajów energii elektrycznej i ich wpływu na minimalizację ceny dla użytkownika końcowego. Badania wykazały, że ważnymi czynnikami tworzenia cen energii elektrycznej są wskaźniki kosztów i wielkości produkcji, dystrybucji i transportu energii elektrycznej konsumentom, co w dużej mierze zależy od sposobu tworzenia i dalszego rozwoju rynku energii w Ukrainie. Ponadto połączenie tradycyjnej i nietradycyjnej energii elektrycznej ma ogromne znaczenie, jednocześnie minimalizując ryzyko i ograniczenia budżetowe. Bilansowanie systemu generacji energii elektrycznej z różnych źródeł nie tylko pomoże zoptymalizować długoterminowe ceny energii elektrycznej i zminimalizować taryfy dla użytkownika końcowego, ale pozwala również na zaplanowanie zysku w formie długoterminowego zwrotu z inwestycji. Analiza wyników wykazała, że optymalny podział produkcji energii umożliwia uzyskanie zasobów energetycznych w wymaganej wielkości przy niższych kosztach zakupu i przy minimalnym ryzyku.
 
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