Development of electric power industry in Kazakhstan

Abstract

The article analyzes the market structure of the electric power industry of the Republic
of Kazakhstan and describes the wholesale and retail markets of electric power industry. Fair
market participants were identified and the regulatory and legal conditions were studied. The
scheme of state regulation of the Kazakhstan power system was developed, the main operators of
«KEGOC» JSC and «KOPEM» JSC were analyzed, and the main components of the wholesale
market were considered.
Participants in the retail market of Kazakhstan were described and the following issues were
discussed: raising the prices of distribution companies, restricting the access of local producers
and consumers to networks, and implementing the competitive capacities in given territories.
The sales and purchases scheme of the electric power market of the Republic of Kazakhstan was
developed. The ways of solving the issues of financing of this sector on the basis of principles of
public-private partnership were presented.