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Kazakh official points out non-transparency of electricity sales

Oil&Gas Materials 22 June 2021 17:22 (UTC +04:00)

BAKU, Azerbaijan, June 22

By Nargiz Sadikhova - Trend:

Chairman of the Agency for Protection and Development of Competition Serik Zhumangarin pointed out the non-transparency of electricity sales, Trend reports citing Kazakh media.

"We have already entered the era of digital economy. Naturally, today's regulatory methods are a little outdated, so it is necessary to define the concepts of a digital platform, network effect and a new methodology for analyzing digital markets," Zhumangarin said.

He added that competition in the electricity market is important.

"To date, only 1 percent of electricity is sold via tenders. Other sales are held via non-transparent direct contracts. Organized electricity trading will increase to at least 30 percent by 2025. In addition, we plan to eliminate differentiation in the electricity supply market. All this will give an annual savings of about 20 billion tenge ($46.6 million) of budgetary funds, 31 billion tenge ($72.2 million) will be savings for the expenditure side for SMEs and, naturally, housing assistance will increase, according to our calculations, by 720 million ($1.6 million)," he said.

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