Kazakhstan's Ministry of Energy on July 18 hosted an online meeting to announce a deal between the Unified Purchaser of Electrical Energy and the Public Joint-Stock Company "Inter RAO" for planned deliveries of electrical energy. This contract will provide the opportunity to purchase electrical energy from the power system of the Russian Federation should the need arise.
Reportedly, the analysis and monitoring of the past 17 days of operation of the Single Buyer and the Balancing Market revealed that entities of the wholesale electricity market submitted applications that exceeded actual consumption. This discrepancy affects the schedule of the required volume of electric energy production based on the technical capabilities of electric power stations, and the claimed missing volumes of purchase of imported electricity from the Russian power system.
Kazakhstan's Ministry of Energy emphasized the crucial importance of quality forecasting of electric energy consumption. Poor forecasting can lead to purchasing more expensive imported electricity and may result in higher tariffs for the end consumer.
Reportedly, the introduction of the system balancing the electricity market in Kazakhstan had been disrupted by KEGOC, as previously stated by the ministry.
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