Energy Storage Systems: Regulation and Incentives in
The Draft Law proposes the introduction of the concept of an energy storage system operator to clearly define a specialized market participant responsible for the
Official energy statistics in Kazakhstan are the responsibility of the Committee on Statistics under the Ministry of National Economy. In 2016, the energy data collection system was modified as part of modernisation efforts by the Committee on Statistics.
Per capita consumption is about 3.7 toe and around 4 100 kWh of electricity (2022). In its Strategy 2050, Kazakhstan expects electricity demand to reach 135 TWh in 2030 and 170 TWh in 2050. The Kazakhstan energy market report provides expert analysis of the energy market situation in Kazakhstan.
Electricity prices are regulated (price cap set by the CRNM). Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh) Per capita consumption is about 3.7 toe and around 4 100 kWh of electricity (2022). In its Strategy 2050, Kazakhstan expects electricity demand to reach 135 TWh in 2030 and 170 TWh in 2050.
About 70% of the Kazakhstani oil potential is located in the west of the country, particularly in the Caspian Sea (Kashagan). Electricity prices for households decreased by 5.4%/year between 2017 and 2020 and then increased by 19% in 2021 to US$3.8c/kWh, before decreasing again by 8% to reach US$3.5c/kWh in 2022.
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