Kazakh National Chamber of Entrepreneurs to fight energy price increases

May 11, 2018 10:22 am

The existence of 160 energy transmission companies increases energy transportation costs by at least 50 percent



Kazakhstan’s Atameken National Chamber of Entrepreneurs believes the recent electricity price increases in the country are illegal and plans to fight them and look instead for ways to lower electricity costs and promote increased energy saving.

Atameken Chair Timur Kulibayev said the chamber will work against what he calls the illegal electric power price hike and is now analysing different opportunities to reduce prices. They are also seeking dialogue with consumers who may have effective proposals for reducing electricity costs.

Atameken Energy Committee Chair Almasadam Satkaliyev said that among 17 power stations, five sell electric energy below prime cost, 10 have electricity prices equal to the cost of electricity production and only two have an opportunity to reduce prices. He considers that a solution to the price hikes can be achieved by negotiating with electricity transmission companies.

In 2017, Kazakhstan had 160 energy transmission companies, with 32 of them in the Karaganda region. The existence of so many energy transmission companies led to the participation of five to seven suppliers in the electricity supply chain and increases energy transportation costs by at least 50 percent.

Source URL: http://eurasiatx.com/kazakh-national-chamber-entrepreneurs-fight-energy-price-increases/