INNOVATIVE MECHANISMS FOR STIMULATING THE DEVELOPMENT OF RENEWABLE ENERGY SOURCES WITH THE PARTICIPATION OF HOUSEHOLD CONSUMERS AND PROSUMERS

Keywords: renewable energy, innovative mechanisms, energy cooperatives, Net Metering, Net Billing, decarbonization, post-war recovery, energy independence, smart grids

Abstract

The article explores innovative mechanisms for stimulating the development of renewable energy sources (RES) in Ukrainian households, emphasizing their significance in the context of the country’s post-war recovery and European integration. The study examines the impact of financial incentives such as Net Metering and Net Billing, along with technological solutions like decentralized energy cooperatives and smart grids, on engaging households in clean energy production. These mechanisms lower barriers for the installation of solar panels and wind turbines, reduce dependence on fossil fuels, and contribute to greenhouse gas emission reductions. The research highlights that by integrating innovative business models, Ukraine can accelerate the restoration of its energy infrastructure while establishing the foundation for long-term energy independence and sustainable development. The use of decentralized energy generation, particularly through household participation in the production and consumption of renewable energy, plays a pivotal role in enhancing the resilience of energy systems, especially in the face of constant external threats and infrastructure damage caused by war. By promoting the creation of energy cooperatives and utilizing smart grid technologies, households are empowered to become both producers and consumers of energy, thus actively contributing to the energy transition. The integration of Peer-to-Peer (P2P) energy trading models and Energy-as-a-Service (EaaS) concepts also supports the transition to a decentralized, low-carbon energy market, in line with Ukraine’s European commitments to decarbonization and sustainable development. The article concludes that the implementation of innovative RES mechanisms in households is a strategically vital step for Ukraine’s post-war recovery. It not only ensures greater energy independence but also aligns with the country’s trajectory toward European integration and the goals of achieving a sustainable and decarbonized energy sector. Through the adoption of modern financial and technological tools, Ukraine can strengthen its energy security and contribute to the broader global energy transition.

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Published
2024-09-30
How to Cite
Kubatko, O., Pysmenna, U., Sotnyk, I., Kalinichenko, L., & Trypolska, G. (2024). INNOVATIVE MECHANISMS FOR STIMULATING THE DEVELOPMENT OF RENEWABLE ENERGY SOURCES WITH THE PARTICIPATION OF HOUSEHOLD CONSUMERS AND PROSUMERS. Economy and Society, (67). https://doi.org/10.32782/2524-0072/2024-67-12
Section
ECONOMICS