Journal of Security and Sustainability Issues

The article presents theoretical generalization and provides the substantiated solution of scientific and practical problem regarding the development of theoretical and methodological framework for the assurance of energy security of a country. The authors carried out a detailed analysis and specified the leading trends in the world energy market and obtaining resources, researched the distribution of countries in the issue of energy production and consumption, which is fundamental for energy security of a country. They also fostered scientific theories realting to the economic policy of energy sector in the global context, introduced the сriteria for assessing energy security of a country. One developed the structure and content of the energy risk management system, which makes it possible to identify and assess the probability of risk occurrence. Matrix for the assessment of energy security risks has been formed. One developed the energy efficiency improvement scheme based on the use of renewables in economy in order to reduce energy consumption and ensure the harmonious development of energy conservation system. The scheme helps to form power management systems, extend the authority of national institutions in matters of energy efficiency and conservation in order to improve energy efficiency of the economy and to reduce energy costs.