Ukraine Energy Sector Management Using Hybrid Renewable Energy Systems

Oleksandr Sabishchenko, Rafał Rębilas, Norbert Sczygiol and Mariusz Urbański
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Oleksandr Sabishchenko: Department of Finance, Accounting and Fundamental Economic Disciplines, Faculty of Economics and IT, National Academy of Management, Ushynskogo 15, 03151 Kyiv, Ukraine
Rafał Rębilas: Department of Management, Faculty of Applied Sciences, WSB University, 41300 Dąbrowa Górnicza, Poland
Norbert Sczygiol: Faculty of Mechanical Engineering and Computer Science, Czestochowa University of Technology, 42201 Czestochowa, Poland
Mariusz Urbański: Faculty of Civil Engineering, Czestochowa University of Technology, 42201 Czestochowa, Poland

Energies, 2020, vol. 13, issue 7, 1-20

Abstract: The Ukrainian energy sector is one of the most inflexible energy sectors in the world as a result of the almost complete depreciation of the equipment of the main sources of power supply: nuclear, thermal, and hydropower. In connection with existing problems, there is a need to develop and use new energy-saving technologies based on renewable energy sources. In this proposed research, a regression model of renewable energy growth in the energy sector of Ukraine was developed. The studied literature reveals that the independent use of individual functioning elements of renewable energy sources function as the primary power source that is not an optimal solution for stable energy supply. This study proposes the use of hybrid renewable energy systems, namely a combination of two or more renewable energy sources that will help each other to achieve higher energy efficiency, accelerate the growth of renewable energy in the share of the Ukrainian energy sector and/or improve functioning with battery energy storages. Moreover, the use of hybrid renewable energy systems in Ukraine will reduce the human impact on the environment, realize the potential of local renewable energy resources and also increase the share of electricity generation from renewable energy sources. Therefore, mechanisms for managing state regulation of stimulating the development of hybrid renewable energy systems have been developed.

Keywords: energy supply; energy consumption; renewable energy; hybrid renewable energy systems; sustainable energy (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

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