Finite fossil fuel resources, as well as the instability of renewable energy production, make the sustainable management of energy production and consumption some of the key challenges of the 21st century. It also involves threats to the state of the natural environment, among others due to the negative impact of energy on the climate. In such a situation, one of the methods of improving the efficiency of energy management – both on the micro (dispersed energy) and macro (power system) scale, may be innovative technological solutions that enable energy storage. Their effective implementation will allow it to be collected during periods of overproduction and to be used in situations of scarcity. These challenges cannot be overestimated - modern science has a challenge to solve various types of problems related to storage, including the technology used or the control/ /management of energy storage. Heat storage technologies, on which research works are carried out regarding both storage based on a medium such as water, as well as storage using thermochemical transformations or phase-change materials. They give a wide range of applications and improve the efficiency of energy systems on both the macro and micro scale. Of course, the technological properties and economic parameters have an impact on the application of the chosen technology. The article presents a comparison of storage parameters or heat storage methods based on different materials with specification of their work parameters or operating costs.

The sustainable management of energy production and consumption is one of the main challenges of the 21st century. This results from the threats to the natural environment, including the negative impact of the energy sector on the climate, the limited resources of fossil fuels, as well as the unstability of renewable energy sources – despite the development of technologies for obtaining energy from the: sun, wind, water, etc. In this situation, the efficiency of energy management, both on the micro (dispersed energy) and macro (power system) scale, may be improved by innovative technological solutions enabling energy storage. Their effective implementation enables energy storage during periods of overproduction and its use in the case of energy shortages. These challenges cannot be overestimated. Modern science needs to solve various technological issues in the field of storage, organizational problems of enterprises producing electricity and heat, or issues related to the functioning of energy markets. The article presents the specificity of the operation of a combined heat and power plant with a heat accumulator in the electricity market while taking the parameters affected by uncertainty into account. It was pointed out that the analysis of the risk associated with energy prices and weather conditions is an important element of the decision-making process and management of a heat and power plant equipped with a cold water heat accumulator. The complexity of the issues and the number of variables to be analyzed at a given time are the reason for the use of advanced forecasting methods. The stochastic modeling methods are considered as interesting tools that allow forecasting the operation of an installation with a heat accumulator while taking the influence of numerous variables into account. The analysis has shown that the combined use of Monte Carlo simulations and forecasting using the geometric Brownian motion enables the quantification of the risk of the CHP plant’s operation and the impact of using the energy store on solving uncertainties. The applied methodology can be used at the design stage of systems with energy storage and enables carrying out the risk analysis in the already existing systems; this will allow their efficiency to be improved. The introduction of additional parameters of the planned investments to the analysis will allow the maximum use of energy storage systems in both industrial and dispersed power generation.

The purpose of the article is to present perspectives for the development of offshore wind farms in the leading, in this respect, country in the EU and in the world – Great Britain. Wind power plays a remarkable role in the process of ensuring energy security for Europe since in 2016 the produced wind energy met 10.4% of the European electricity demand while in 2017 it was already around 11.6%. The article analyses the capacity of wind farms, support systems offered by this country and the criteria related to the location of offshore wind farms. The research has been based on the analysis of legal acts, regulations, literature on the subject, information from websites. The article shows that in recent years, the production of energy at sea has been developing very rapidly, and the leading, in this matter, British offshore energy sector is character-ised by strong governmental support.

The aim of the research is to assess and discuss the diversity of energy production and consumption in European Union countries. The time scope covers the years 2007 and 2016. The diversity of EU countries was examined using the cluster analysis. The following diagnostic features were adopted for the analysis: energy dependency rate (in %), gross inland consumption of energy per 10,000 inhabitants (toe/10,000 inhabitants), primary production of energy (all products) per 10,000 inhabitants (toe/10,000 inhabitants), primary production of renewable energies per 10,000 inhabitants (toe/10,000 inhabitants), primary production of energy (without renewable energy) per 10,000 inhabitants (toe/10,000 inhabitants). Comparing the included indicators from 2016 to 2007 for all EU countries, an increase was recorded only for the primary production of renewable energies per 10,000 inhabitants,. Based on the cluster analysis, the examined countries were divided into six groups. According to the results of the research carried out, Northern and Eastern European countries are characterized by low energy dependence. However, according to the analysis carried out, this dependence is guaranteed based on various energy sources. The Scandinavian countries (Sweden, Finland) owe their high independence to the production of large amounts of energy from renewable sources. On the other hand, countries such as the Netherlands, Denmark, Estonia and the whole of Eastern Europe are based on primary energy sources such as: coal, oil and gas. Southern Europe countries (Greece, Spain, Italy, Portugal, Cyprus, Malta) are characterized by high energy dependence, as evidenced by low rates in the area of energy production, both in total and renewable and non-renewable energy production.

The agrarian process includes many industrial phenomena and events. The goal of economics as a science is to precisely detect and describe the relationships between various market mechanisms. These phenomena can be presented as the desire “to describe reality in terms of systems, their components and relationships, both between components of the system and between different systems” (Jankowski 1997). The energy sector is a special field among many areas of the national economy, and the products of this sector have a major impact on the branches of the economy and the mechanisms of action occurring in them. The publication is devoted to the construction of a mathematical model used to support the energy policy of local government units. The aim of the study is to build a mathematical model of energy production, taking the development potential of renewable energy into account, as well as to propose the desired direction of energy policy development in the analyzed periods to the regional authorities and to offer a model for creating an energy policy in other local government units: poviats, communes. Until now, few authors have comprehensively dealt with this issue. To date, no detailed research has been published on issues related to renewable energy development and the use of mathematical methods in the construction of the energy production model in local government units. The undertaken research is a contribution to the development of knowledge about alternative energy sources in the energy margin.

According to International Energy Agency (IEA) energy security is the continuous supply of energy at acceptable prices. National energy is based primarily on its own energy resources such as hard coal and brown coal. The 88% of electric energy production from these minerals gives us full energy independence. Additionally, the energy production costs from these raw materials are the lowest compared to other technologies. Of these two, the energy produced from brown coal is characterized by the lowest unit technical generating cost. Poland has the resources of these minerals for decades to come, the experience related to mining and processing them, scientific and design facilities and technical facilities and factories producing machines and equipment for their own needs, as well as for export. Coal is and should remain an important source of electricity and heat supply in Poland for the next 25–50 years. It is one of the most reliable and profitable energy sources. This policy may be difficult in the next decades due to the exhaustion of the available resources of hard and brown coal. The conditions for the construction of new mines, and thus for the development of coal mining in Poland, are very interdisciplinary in legal, environmental, economic and reputational terms. Germany has similar problems. Despite the fact that it is an image of a country investing in renewable energy sources, which are pioneers of energy production from RES, in reality hard and brown coal are still the primary sources utilized to produce electric energy.

A transition from generating electricity from conventional sources to generating it from renewables is one of drivers leading us towards a circular economy. Electricity is a specific product and regardless of where and how it is produced, it takes the same form. A novel aspect of the research is the examination of correlations and relationships between guarantees of origin. The research objective is to analyse the market for the guarantees of origin in the volatile price environment that we had late 2021 and early 2022. Therefore, we analysed demand for the guarantees in January 1, 2020 to June 30, 2022 and the correlation between the price of electricity and guarantees of origin. It was based on the secondary data analysis method and the use of Pearson’s correlation coefficient and a linear regression function. The authors of the study made a hypothesis that the trading volume would increase during the study period and that there would be a positive correlation between the price of energy and the guarantees of origin. A key finding of the study revealed a steady increase in the purchase of guarantees despite the rise in prices. The buying of the guarantees is not a top-down requirement, but rather a bottom-up action, which indicates growing social expectations towards enterprises to consume energy from renewable sources.