ASSESSMENT OF THE IMPACT OF REGULATORY DECISIONS ON ENERGY SECURITY

Abstract

Ensuring the energy security of the state is the main priority of the energy policy in any country. The most important condition for making efficient regulatory decisions in the energy sector is the assessment of the possible consequences of their implementation for energy security. Carrying out such an assessment is one of the most difficult tasks, as it requires taking into account many factors and trends that often work in opposite directions. The existing methods of energy security level assessment are characterized, the shortcomings of each of them are revealed, in particular, the limited possibilities of their application by the regulatory acts drafters. The authors’ methodical approaches are proposed, which are based on the indicative analysis methodology and the using of simplified system of indicators characterizing the individual key components of state's energy security. They can be used both during the preparation of the regulatory act draft as a part of regulatory impact analysis and for the monitoring of regulatory acts efficiency and the preparation of monitoring reports.

The state and problems of ensuring energy security before the beginning of the full-scale invasion of Ukraine by the Russian Federation are characterized, the severity of the situation during the war and the extremely important role of energy security in the post-war recovery. The great potential of domestic energy sector to strengthen the energy security of the state is emphasized.

Using the proposed methodological approaches, the state of energy security in the pre-war period was assessed, as well as the possible impact that the implementation of projects outlined in Ukraine Recovery Plan presented by the Ukrainian government at the international conference in Lugano (Switzerland). The obtained results show that the implementation of the Plan will allow to strengthen the energy security of the state and to a large extent fulfill international obligations, which will advance the European integration of Ukraine.