1. The Kazakh Operator of Electric Power and Capacity Market
KOREM JSC
Republic of Kazakhstan

2. Description
of the Kazakhstan
Electric Power System

3. Power generation Electric power plants – 56.
Total installed capacity (MW),
including:
thermal electric power plants – (83,3%)
gas turbine units – 916 (4,8%)
hydro-electric power plants– 2248 (11,9%)
Power generation:
2005 г. – 67,6 bil. kW*h
2006 г , 5 bil. kW*h
2007 г. – 76,4 bil. kW*h

4. Transmission grid
Total length of transmission lines with voltage from 220 kV to 1150 kV is km

5. Total consumption of electric power in Kazakhstan is 71, 8 bil.кW*h
Power consumption in 2007
Total consumption of electric power in Kazakhstan is 71, 8 bil.кW*h

6. in the Electric Power Industry
Reforms
in the Electric Power Industry

7. The Stages of Reforms I stage (1994-2000)
December Law on Electric Power Industry
The National Company (voltage from 220 kV to 1150 kV) - “KEGOC” JSC with responsibility of System Operator was established
All Electric Power Plants were privatized
Regional Electric Network Companies (<220 кV) were established and privatized
The Wholesale Power Market began to function, where the free market price on electric power appeared
State‘s Refusal of price regulation for Electric Power Plants

8. The Stages of Reforms
II stage ( present)
July 2000 – Kazakh Operator of Electric Power and Capacity Market (КОREM JSC) was created
June 2004 – new Law on Electric Power Industry was accepted
Power Supply Companies were established
January 2008 –Balancing Market started work in a simulation routine

9. The Structure of Wholesale Electric Power Market
Bilateral Contract Market
Centralized Auction Market
Balancing Market
System & Ancillary Services Market

10. Participants of Wholesale Electric Power Market
System Operator
Market Operator
Electric Power Producers (Plants)
Electric Network Companies
Power Supply Companies
Consumers

11. Information on Centralized Electric Power Market in Kazakhstan

12. History of KOREM JSC July 10, 2000 – KOREM JSC was created
February 18, the First Spot Auctions “day ahead” took place in “KOREM” JSC.
September 28, The First Forward Auctions took place

13. At the “KOREM” marketplace there are 2 types of auctions:
“Day ahead” auctions
Forward auctions
(medium-term for a week, month and long-term for a quarter, year)

14. Market Participants 65 members for “day ahead” auctions
116 members for forward auctions

15. The volumes of Centralized Market in 2007
15% of the Wholesale Electric Power Market
Total volumes of deals thousand kW*h

16. The volumes of “day ahead” auctions (thousand kW*h)

17. The volumes of forward auctions (thousand kW*h)

18. Future projects “Intra day” auctions Clearing Center
Central Asian Power Exchange
Financial Derivatives Market

19. Thank you for your time and attention!