The Experience in the Use of Financial Instruments of Electric Energy Industry Modernization by the Countries of North America

• Main Author: Abakumenko Olha V.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-04-01
• Series: Bìznes Inform
• Subjects: renewable energy sources; electric energy industry; technological structure of the electric energy sector; financial instruments
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-4_0-pages-40_47.pdf

The article is aimed at generalizing the experience of the countries of the mainland North America with regard to the introduction of financial instruments to modernize the electric energy sector. The article systematizes the available data, combinations of financial instruments are grouped by country. The assessment of efficiency of the implementation of a combination of instruments was carried out on the basis of data on transformation of the technological structure of electric energy generation in 2015 compared to 2000 (for Belize the comparison was carried out since 2006). The traditional technologies included the production of electricity using fossil fuels (coal, oil, gas, nuclear fuel). The energy of water, wind, geothermal sources, waves, biofuel was related to renewable. Special attention was paid to gas as fuel for power plants, as it is much more environmentally friendly in terms of combustion products. As a result of the research, there was a conclusion about the secondary role of government initiatives in the transformation of the electric energy sector versus the objective factors of economic reality and the increasing role of the proposed by the State financial instruments in the determining periods when the power industry is on the verge of different states or tendencies of development.