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Kazakhstan cuts cost of electricity for business entities

Kazakhstan Materials 20 June 2024 15:30 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, June 20. Kazakhstan has reduced electricity tariffs for business entities, Trend reports.

According to Kazakhstan's government, the tariff reduction became possible after the suspension of licenses of unregulated energy supply organizations for electricity supply services on April 1.

Today, there is a process of transitioning consumers to guaranteed suppliers. And this, in turn, influenced an increase in the volume of services provided by the guaranteeing supplier, and, accordingly, a decrease in tariffs in 13 regions of the country.

In general, due to the measures taken, the total savings for 129,060 small and medium-sized businesses amounted to more than 1.7 billion tenge (about $3.7 million) per month.

Meanwhile, electricity production in Kazakhstan amounted to 112.8 billion kWh in 2023. Electricity imports during this period amounted to 3.4 billion kWh, and exports were 1.4 billion kWh.

Simultaneously, in 2023, electricity consumption hit a whopping figure of 115 billion kWh (compared to 112.9 billion kWh in 2022).

Today, there are 220 power plants operating in the country, including 144 renewable energy ones, with a total capacity of 2.8 GW. In general, as of January 1, 2024, the total available capacity was 20.4 GW, and the maximum consumption in the current autumn-winter period was 16.6 GW.

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