ORGANIZATIONAL AND LEGAL MECHANISMS OF PUBLIC MANAGEMENT OF THE DEVELOPMENT OF THE INDUSTRY: ON THE EXAMPLE OF ELECTRIC POWER AS A COMPONENT OF UKRAINE’S ENERGY SECURITY
DOI:
https://doi.org/10.32689/2617-2224-2026-1(46)-1Keywords:
public policy, halul, electric power, energy security, investment environment, critical infrastructure, public administration mechanisms, modernization, management systemAbstract
The article examines the development of the electric power industry as a core element of energy infrastructure and a key component of ensuring Ukraine’s energy security under wartime challenges and post-war transformation. The essence of the electric power sector is revealed as an integrated system of generation facilities and consumers united by a single network, and its strategic role in guaranteeing uninterrupted power supply and the resilience of the national economy is substantiated. The study identifies the specific features of the investment process in the power generation segment, which has a staged nature and is driven by the need for continuous technological modernization, decarbonization, and integration into the European energy market. Particular attention is paid to increasing the investment attractiveness of power-generating companies through the improvement of corporate governance and financial stability. The decisive role of public governance mechanisms in shaping a favorable investment environment is substantiated, in particular through the improvement of the regulatory framework, liberalization of the electricity market, promotion of renewable and distributed generation, integration into the European power system, introduction of financial guarantees and insurance instruments, development of public-private partnerships, and strengthening of energy and cybersecurity requirements. It is concluded that despite the significant potential of the sector, the investment attractiveness of Ukraine’s power generation remains limited due to high wartime, regulatory, financial, and technological risks. The study proves that a consistent state policy aimed at risk reduction, development of guarantee mechanisms, and implementation of a long-term strategy for energy transformation and post-war recovery is a key prerequisite for activating investment.
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