Energy Crisis and Electricity Reform of Ukraine - First Results

This paper presents a study of the reform of the electricity sector of Ukraine, the transition to the electricity market. The structure of electricity generation, problems of financing and payments for electricity between energy companies are shown. The world experience of functioning of energy markets is given. The influence of state regulation in the field of energy on the development of the industry is analyzed. It is shown how the uncontrolled development of “green” energy has led to a crisis of non-payment in the energy sector of Ukraine. A way out of the crisis due to the concept of “large-scale construction” is proposed. Possibilities of attracting financing for this concept are given. The possibility of applying financial mechanisms to the functioning of the energy market of Ukraine is considered.