Assessing public administration practices in Kazakhstan's electric power industry: an econometric approach

Abstract

Issues of improving public administration in the electric power industry are more relevant than ever in the current conditions of the global economic crisis. The Republic of Kazakhstan occupies an important position in the energy sector of Central Asia. Electric power industry is one of the leading links in the socio-economic system of Kazakhstan. However, the country faces a chronic problem of electricity shortages, which is detrimental to the national energy system and other sectors of the economy. The purpose of this study is to analyze the state and assess the factors that most strongly affect electricity generation from 2011 to 2022 and offer recommendations for improving government regulation of the development of the electricity market in Kazakhstan. This study based on methods of logic, statistics and econometric modeling. The results of the study indicated that the growth of electricity production is positively influenced by attracting investments in the electric power industry, prices of manufacturing enterprises for electricity sold on the domestic market, as well as the size of the urban population at the end of the year. According to the forecasts for 2025-2030, subject to rising electricity prices, urban population, and investments, the volume of electricity production will increase.

Issues of improving public administration in the electric power industry are more relevant than ever in the current conditions of the global economic crisis. The Republic of Kazakhstan occupies an important position in the energy sector of Central Asia. Electric power industry is one of the leading links in the socio-economic system of Kazakhstan. However, the country faces a chronic problem of electricity shortages, which is detrimental to the national energy system and other sectors of the economy. The purpose of this study is to analyze the state and assess the factors that most strongly affect electricity generation from 2011 to 2022 and offer recommendations for improving government regulation of the development of the electricity market in Kazakhstan. This study based on methods of logic, statistics and econometric modeling. The results of the study indicated that the growth of electricity production is positively influenced by attracting investments in the electric power industry, prices of manufacturing enterprises for electricity sold on the domestic market, as well as the size of the urban population at the end of the year. According to the forecasts for 2025-2030, subject to rising electricity prices, urban population, and investments, the volume of electricity production will increase.