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Coordinated and published by The Grassroots Institute, the Grassroots Journal of Natural Resources (GJNR) is an international journal dedicated to the latest advancements in natural resources throughout the world. The goal of this journal is to provide a platform for scientists, social scientists, policy analysts, managers and practitioners (on all academic and professional levels) all over the world to promote, discuss and share various new issues and developments in different arenas of natural resources.
Specifics of Pricing Policy in the Global Energy Market in Context of Energy Transitions
Tetiana Melnyk*1, Yuliia Demkiv2, Kyrylo Salamatin3
1Department of International Management, State University of Trade and Economics, 02156, 19 Kyoto Str., Kyiv, Ukraine
Email: tetiana_melnyk@edu-knu.com | ORCID: https://orcid.org/0000-0002-3839-6018
2Department of International Management, State University of Trade and Economics 02156, 19 Kyoto Str., Kyiv, Ukraine
Email: y.demkiv@knute.edu.ua | ORCID: https://orcid.org/0000-0002-0486-9462
3Department of International Management, State University of Trade and Economics 02156, 19 Kyoto Str., Kyiv, Ukraine
Email: k.salamatin@knute.edu.ua | ORCID: https://orcid.org/0009-0003-9778-8737
*Corresponding author
Grassroots Journal of Natural Resources, 7(2): 480-498. Doi: https://doi.org/10.33002/nr2581.6853.070224
Received: 24 July 2024
Reviewed: 23 August 2024
Provisionally Accepted: 25 August 2024
Revised: 27 August 2024
Finally Accepted: 29 August 2024
Published: 31 August 2024
Identifying price fluctuation patterns between traditional, alternative energy resources of raw material origin and the systemic world transformations is vital in understanding the variability of stable and effective functioning of relevant assets at different stages of economic waves in the context of global environmental challenges. This study was aimed at examining the dynamics of irregularity in the prices of various energy resources derived from raw materials in the global economy as investment assets within the framework of global economic changes. The price pattern of conventional and alternative energy resources on the global market were also examined alongside the connection between them and the price of electricity. The study made use of the monitoring method and the comparison method of various energy resources in terms of costs, availability, the influence they have on the market, and how they differ from each other. Secondary data was also collected from monographs and publications by Ukrainians and international experts on the subject matter. The analysis of the structure of energy resources was done in a retrospective manner following the reporting format of international organizations chosen as a base. Results revealed that the price dependency of traditional and renewable energy sources differs. While traditional energy is connected to economic cycles, the price of renewable energy is more influenced by technological advancements and less by global economic cycles. It is interesting to note that the price of renewable energy is mostly unaffected by global challenges and crises. The study recommend the results to be applied in national strategies for forecasting prices and modeling market conditions and consumer demand.
Energy resources; Price dependence; Price trends; World dynamics; World market
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Melnyk, T., Demkiv, Y. and Salamatin, K. (2024). Specifics of Pricing Policy in the Global Energy Market in Context of Energy Transitions. Grassroots Journal of Natural Resources, 7(2): 480-498. Doi: https://doi.org/10.33002/nr2581.6853.070224
Melnyk, T., Demkiv, Y., & Salamatin, K. (2024). Specifics of Pricing Policy in the Global Energy Market in Context of Energy Transitions. Grassroots Journal of Natural Resources, 7(2), 480-498. https://doi.org/10.33002/nr2581.6853.070224
Melnyk T., Demkiv Y., Salamatin, K. Specifics of Pricing Policy in the Global Energy Market in Context of Energy Transitions. Grassroots Journal of Natural Resources, 2024, 7 (2), 480-498. https://doi.org/10.33002/nr2581.6853.070224
Melnyk, Tetiana, Demkiv, Yuliia, Salamatin, Kyrylo. 2024. “Specifics of Pricing Policy in the Global Energy Market in Context of Energy Transitions”. Grassroots Journal of Natural Resources, 7 no. 2: 480-498. https://doi.org/10.33002/nr2581.6853.070224
Melnyk, Tetiana, Yuliia Demkiv and Kyrylo Salamatin. 2024. “Specifics of Pricing Policy in the Global Energy Market in Context of Energy Transitions”. Grassroots Journal of Natural Resources, 7 (2): 480-498. https://doi.org/10.33002/nr2581.6853.070224
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