Oleksandra. V. Kubatko, Vitaly M. Ignatchenko, Sergiy V. Shaparenko, Ihor A. Starodub, Diana O. Yaryomenko
Economic Optimization of Resource Use Based on Smart Grid
(original language – English)
https://doi.org/10.21272/mer.2020.88.03
There are significant changes in society's approaches to the energy policy development in the modern world. It is observable a transition from the old model of the energy sector maintenance, which was dominated by large producers, inefficient networks, fossil fuels, imperfect competition in the markets of natural gas, coal, electricity - to a new model, which creates a more competitive environment and equalizes opportunities for development and the dominance one of the types energy production or sources of fuel supply. The traditional network is based on centralized power plants that supply electricity to consumers through simple one-way transmission and distribution systems. The bulk of the current electricity generation capacity in Ukraine is generated by fossil fuels, which significantly contributes to the increase of the carbon dioxide concentration in the Earth's atmosphere and has a corresponding negative consequences for the climate. At the same time, modern preferences are given to increasing energy efficiency and the use of energy from renewable and alternative sources. Implementation of adaptation and prevention measures for climate change is also one of the priorities of global energy development. The renewable energy promotion is causing new economic and scientific challenges for Ukraine. However, at the same time it opens new perspectives for the search and implementation of innovative developments in the field of extraction, processing of fossil fuels, energy supply and consumption, which leads to create a new energy policy of the state. The article discusses theoretical and methodological approaches that reveal the benefits of Smart Grid using. It is emphasized that ensuring energy security and environmental sustainability of the energy sector should be based on the use of renewable energy sources. The article analyzes the main factors that can affect the development of Smart Grid technology. Also, the article describes the best experience of the EU countries, which are introducing smart energy systems for the economic optimization of renewable energy sources use.
Key words: Smart Grid, efficiency, optimization, renewable energy, economics growth, technology.
Placed in №2, 2020.
Affiliations:
Oleksandra V. Kubatko, PhD, Associate Professor, Department of Economics, Entrepreneurship and Business Administration, Sumy State University;
Vitaly M. Ignatchenko, PhD Student of the Department of Economics, Entrepreneurship and Business Administration, Sumy State University;
Sergiy V. Shaparenko, Student of Education and Research Institute for Business Technologies “UAB” of the Sumy State University;
Ihor A. Starodub, Student, Oleg Balatskyi Academic and Research Institute of Finance, Economics and Ma
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