STATE AND DEVELOPMENT TRENDS OF THE DOMESTIC ENERGY MARKET

Abstract

The article provides a comprehensive analysis of the current state and key development trends of the domestic energy resources market under conditions of economic transformation and increasing global energy challenges. The theoretical foundations of the energy market are examined, including its structural characteristics and role in ensuring national economic stability. Particular attention is paid to structural changes in energy consumption and electricity generation in Ukraine during 2022–2025, which reveal the dominance of nuclear power, a decline in thermal generation, and a gradual increase in the share of renewable energy sources. The study identifies major constraints affecting the development of the energy market, including dependence on imported energy resources, insufficient energy efficiency, outdated infrastructure, and the impact of wartime disruptions. An integral assessment approach is applied to evaluate electricity generation technologies based on economic, environmental, reliability, and development potential criteria. The results substantiate the priority of renewable energy sources, particularly solar and wind power, as key drivers of energy sector transformation. The research outlines strategic directions for further development, including diversification of energy supply, implementation of innovative technologies, digitalization of energy systems, and integration into the European energy space. It is concluded that strengthening state energy policy is essential for enhancing energy security, improving market efficiency, and ensuring sustainable economic development in Ukraine.