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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 generationElectric power plants – 56.Total installed capacity - 18981 (MW),including:
thermal electric power plants – 15817 (83,3%)gas turbine units – 916 (4,8%)hydro-electric power plants– 2248 (11,9%)
Power generation:2005 г. – 67,6 bil. kW*h2006 г. - 71, 5 bil. kW*h2007 г. – 76,4 bil. kW*h
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Transmission grid
Total length of transmission lines with voltage from 220 kV to 1150 kV is 228 100 km
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Power consumption in 2007
Total consumption of electric power in Kazakhstan is 71, 8 bil.кW*h
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Reforms
in the Electric Power Industry
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The Stages of Reforms II stagestage (1994-2000) (1994-2000)
• December 1995 - 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
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IIII stagestage ( (20002000 - present- 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
The Stages of Reforms
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The Structure of Wholesale Electric Power Market
Bilateral Contract MarketCentralized Auction Market Balancing MarketSystem & Ancillary Services Market
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Participants of Wholesale Electric Power Market
System Operator Market Operator Electric Power Producers (Plants) Electric Network Companies Power Supply Companies Consumers
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InformationInformation on Centralized Electric on Centralized Electric Power Market Power Market in Kazakhstanin Kazakhstan
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History of KOREM JSC
July 10, 2000 – KOREM JSC was created
February 18, 2002 - the First Spot Auctions “day ahead” took place in “KOREM” JSC.
September 28, 2004 - The First Forward Auctions took place
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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)
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Market Participants 65 members for “day ahead”
auctions
116 members for forward auctions
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15% of the Wholesale Electric Power MarketTotal volumes of deals - 9 508 611 thousand
kW*h
The volumes of Centralized Market in 2007
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The volumes of “day ahead” auctions (thousand kW*h)
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The volumes of forward auctions (thousand kW*h)
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Future projects
“Intra day” auctions
Clearing Center
Central Asian Power Exchange
Financial Derivatives Market
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Thank you for your time and attention!