The Institute is included in the Department of Power and Energy Technologies of National Academy of Sciences of Ukraine. The major task of the Institute is qualitatively and operatively solving key problems of development and functioning of national energy in the context of Ukraine's integration into the world energy market and increasing energy and economic security.

Updated main areas of scientific research of the Institute, approved by the Presidium of NAS of Ukraine from February 23, 2022 № 74, comply to the national interests of Ukraine, contribute to improving its energy and economic security, qualitative and operational solution of key problems of functioning and sustainable development of national energy in conditions of transition economy, Ukrainian integration to the world energy markets and a number of other important problems of state significance.